So, I’ve been living under a rock, avoiding this, but now I’m worried.
I’ve lived in Taipei for almost 2 years now, but I was a Chinese student before.
If it weren’t for Covid-19, I would visit the American institute and ask them about the American taxes.
This looks like such a mess. I don’t know where to start looking at it.
I work for an international company in Taipei, but none of my coworkers are American.
And then I wonder, do I also have to pay something to California?
File with TurboTax from here. If you didn’t make over 100,000 USD/yr (and change, I think it might be 105,000USD now) and you have bone fide residency (an ARC), you don’t owe Uncle Sam anything. (This is assuming you don’t have rental properties and other such additional forms of income which result in more complicated forms). Basically, you just need to file your taxes, not pay them. As long as you don’t owe anything, it is unlikely you’ll get in much trouble (maybe a slight fine).
I don’t know where she is now. I had 2017 taxes that I have refunds for and I messaged her asking about what happened to it. She said she’d call “next week”, that was a month ago. Either she’s left the forum completely or something else happened.
What @nz said basically sums it up for you. There are many tax filing companies online that guide you through the whole process for a fee. If you don’t owe any money, you wont be in any trouble. It’s when you owe and are late that you get fees added onto your due taxes. Also, you’ll get your stimulus money once you have your 2019 and 2020 taxes filed.
As long as none of your income was from self-employment and was entirely from a foreign employer (Taiwanese company). It also depends on whether or not you spent any time in the USA or territories during the tax year as well. If you have open work rights (APRC/JFRV) and do any private lessons, all of that income is considered self-employment income and is not eligible for the Foreign Earned Income Exclusion and is fully taxable.
You have to do the Foreign Earned Income Exclusion (Form 2555) in order to see how much of the $107,600 is actually non-taxable and whether or not you’re eligible to take the exclusion.
Blanket statements such as, “as long as you made under X amount of dollars for the year, it’s non-taxable” is erroneous and irresponsible. But, I see this statement every year.
For tax year 2020 , the maximum foreign earned income exclusion is the lesser of the foreign income earned or $107,600 per qualifying person.
@depot this is an important issue, probably even more so than paying taxes on time. Unless your income in Taiwan is well over US$100K or you have a bunch of capital gains, you probably won’t owe a dime to the U.S., but if they find out you didn’t report your accounts on the FBAR form each year that the peak combined total was over a mere US$10K, they can (and do) confiscate 50% of the account value.