- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
Do you have an Intuit account?
You'll need to sign in or create an account to connect with an expert.
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do I have to pay a penalty because I didn't file my taxes on time. I'm working as a teacher in Korea
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do I have to pay a penalty because I didn't file my taxes on time. I'm working as a teacher in Korea
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do I have to pay a penalty because I didn't file my taxes on time. I'm working as a teacher in Korea
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do I have to pay a penalty because I didn't file my taxes on time. I'm working as a teacher in Korea
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do I have to pay a penalty because I didn't file my taxes on time. I'm working as a teacher in Korea
Still have questions?
Make a post