Hello @sound_of_silence ! Thanks for the message
As you have a multitude of questions which may have varied answers based on the details of your situation, I may not be able to answer everything here. If you are a TurboTax Live customer, I suggest you reach out to us over the phone so our agents can give you better personalized service and help you understand the tax implications of these big life changes. However, I will do my best to address each one of your issues:
1) In general, the US taxes its citizens on ALL worldwide income. However, you have options to avoid double taxation. Those options are the Foreign Earned Income Exclusion and the Foreign Tax Credit. There are many complex rules and intricacies of each, and it would take a detailed understanding of your situation to understand what would be best for you to do, but rest assured that you have options available to you to make sure you are not fully taxed by two countries.
2) Florida does not tax income, so you should be all set there!
3) Just like when you work in the US, be sure to keep hold of the year end income statement or tax statement that your employer gives you. In some countries it comes at different times of year than we are used to here in the US, so you may find that you need to file an extension on your US taxes to get the timing right.
4) I'm not aware of any special tax treatment for healthcare workers abroad, when it comes to US tax code.
5) If the fair market value of the car at the time of the gift exceeds $15,000 you will need to file a Form 709, Gift Tax Return. This is separate from your income taxes.
6) Absolutely, TurboTax will be available to you to file your US taxes.
7) The IRS, in general, audits individuals either by correspondence (mail, phone and email), or at an IRS location (more uncommon). Because you are living overseas, you might consider purchasing our MAX package when you file your next tax return which includes Audit Defense services. Then, you will have a representative here to deal with any audit issues that may arise.
😎 Charitable donations made to tax-deductible charities (501(c)3 organizations) will still be deductible on your US tax return. Most foreign charities will not qualify.
9) Those types of expenses are only deductible if you are working as a contractor (i.e. are self employed). Job-related itemized deductions have been eliminated in the tax code since 2017.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
