State tax filing

 

1) What exactly is still taxed in the US (as I will NOT be working in the US at all, indefinitely) but I DO have a bank account I plan on keeping (for the purposes of paying my taxes, in all honesty, but it will have minimal money in it) and I DO have one MyFRS account (it only has like $4,000 in it and it's not currently being paid into so I'm not even sure if it's worth having).  Will I be double-taxed just on my income or on other things?

 

As a US citizen total WORLDWIDE income is reported on the income tax return even if you worked/lived on Mars.

 

2) Will I be taxed under the state of Florida as that is where I've lived all my life when I file my taxes? Please keep in mind that I am single, have no dependents, and own no property in Florida.   Not sure if you ever noticed but FL doesn't have a state INCOME tax. 

 

3) What receipts do I need to keep in the move and for perpetuity when I'm over there so I can continue to file my US taxes?   Keep IRS records for a min of 5 years ... 7 is better. 

 

4) I am going to be working as an RN over there. Does this effect my taxes? As RN's make substantially more money over here than they do over there and I'm not sure if there are any tax breaks for healthcare workers working abroad.   Make more, report more, pay more.

 

5) I will be gifting my car to friends of mine who desperately need a car. Do I need to do something special on my taxes for this?    If the value of the car is more than $15K the you need to file a gift tax return form 709 which TT doesn't support.

 

6) Will I still be able to use TurboTax or will I have to go to a special tax filer with my mounds of receipts? I've used TurboTax since I started doing taxes and I don't really know another way.   You can use TT anywhere in the world you have internet.  However to pay the TT program fee you must have a US Credit/Debit card with a US billing address.  

 

7) If, for whatever reason, the IRS audits me how would that...work? Would I just show them my receipts over a webcam, like...would they send a representative over to mine in Scotland?   Most audits are done by mail so don't worry about that right now. 

 

 

 

 If I got a second, PRN job then would that also be taxed or no? I'm assuming that all of my income is taxed but I figured I'd ask this question.   Back to Q1 ... all income from all sources is reported.  

 

Now if you qualify you may be able to exclude some/all of your income from being taxed in the US  and/or use the foreign tax credit or deduction.  https://www.irs.gov/individuals/international-taxpayers/taxpayers-living-abroad