@[email protected] to [email protected] • 1 month agoWhy some female physicians are eyeing a move to Canada from the U.S.www.cp24.comexternal-linkmessage-square49fedilinkarrow-up1224arrow-down13
arrow-up1221arrow-down1external-linkWhy some female physicians are eyeing a move to Canada from the U.S.www.cp24.com@[email protected] to [email protected] • 1 month agomessage-square49fedilink
minus-squareyeehawlinkfedilink3•1 month agoBut isn’t it true that you still have to pay some sort of annual tax to the USA even if you no longer live there?
minus-square@[email protected]linkfedilinkEnglish2•edit-21 month agoNo. It is not true. I lived outside the US for many years and never even filed my taxes because my income was less than $100,000 per year. If you earn a bit more than that, or you have income from capital gains, then may have to report it and pay taxes, yes. See IRS rules for “Foreign Income Exclusion”
minus-square@[email protected]linkfedilinkEnglish2•edit-21 month agoAmericans have to submit tax forms to the IRS every year, even if they are no longer living there or earning income there.
But isn’t it true that you still have to pay some sort of annual tax to the USA even if you no longer live there?
No. It is not true.
I lived outside the US for many years and never even filed my taxes because my income was less than $100,000 per year.
If you earn a bit more than that, or you have income from capital gains, then may have to report it and pay taxes, yes.
See IRS rules for “Foreign Income Exclusion”
Americans have to submit tax forms to the IRS every year, even if they are no longer living there or earning income there.