Solved: Do I have to pay a penalty because I didn't file my taxes on time. I'm working as a teacher in Korea
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New Member

Do I have to pay a penalty because I didn't file my taxes on time. I'm working as a teacher in Korea

I'm I in trouble for not filling taxes for 2016 on time? I started work in korea as a teacher around october of 2016 and made less than 6,000 dollars. Or should I just wait to file my 2016 taxes when I file my 2017 taxes.

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Level 15

Do I have to pay a penalty because I didn't file my taxes on time. I'm working as a teacher in Korea

There is a foreign earned income exclusion of $101,300 for tax year 2016. 

However, you only have a filing requirement for 2016 if your gross income from all sources is at least $10,350 and you are filing as Single and not a dependent on someone else's tax return.  

Review IRS Publication 54 Tax Guide for U.S. Citizens and Resident Aliens Abroad, page 3 - https://www.irs.gov/pub/irs-pdf/p54.pdf#page=3

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Level 15

Do I have to pay a penalty because I didn't file my taxes on time. I'm working as a teacher in Korea

Is the income received in Korea the only income you will be reporting on your 2016 tax return, either foreign or US sources?
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New Member

Do I have to pay a penalty because I didn't file my taxes on time. I'm working as a teacher in Korea

Yes. Also, I was away from the united states for more than 330 days in the year of 2016 if that helps.
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Level 15

Do I have to pay a penalty because I didn't file my taxes on time. I'm working as a teacher in Korea

There is a foreign earned income exclusion of $101,300 for tax year 2016. 

However, you only have a filing requirement for 2016 if your gross income from all sources is at least $10,350 and you are filing as Single and not a dependent on someone else's tax return.  

Review IRS Publication 54 Tax Guide for U.S. Citizens and Resident Aliens Abroad, page 3 - https://www.irs.gov/pub/irs-pdf/p54.pdf#page=3

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New Member

Do I have to pay a penalty because I didn't file my taxes on time. I'm working as a teacher in Korea

DoninGa, thank you for the answer. I read page 3, but want to double check. So since I made less than $10,350 in 2016, and I wasn't self employed, I don't have to file taxes for 2016? In other words, I can skip filing 2016 taxes?
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Level 15

Do I have to pay a penalty because I didn't file my taxes on time. I'm working as a teacher in Korea

Yes
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New Member

Do I have to pay a penalty because I didn't file my taxes on time. I'm working as a teacher in Korea

DoninGa, thank you. You saved a lot of my time for filing 2016 taxes.
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