Hello my name is Benjamin heart an American attorney and the managing director is Harry legal here in Bangkok Thailand this video is as the title suggests i have talked over the years sort of kind of BB laboring under the mistaken impression that they're not required to file tax returns to the united states because they live abroad it's not an uncommon mistaken notions but it's a mistaken notion on the left pursues us law united states citizens unlike the citizens of many countries US citizens are required to pay taxes on their worldwide income so that means stated there are exclusions there are code size for folks who live abroad most notably the foreign earned income exclusion which allows american citizens who derive foreign income waltz living abroad for a certain amount for a statutorily defined period of time in each calendar year those folks are going to go ahead and get an exemption from certain taxes if they make under a certain amount of money if you go over the threshold there sort of a recalculation for that I'm not going to go into those the details are specific to that but only I'm only mentioning it because yet one needs to file their taxes but it may not necessarily mean the name just one has to actually pay anything so it should be noted that although one is required to file taxes even if they're living overseas the the requirements exit painting taxes might not be there so it's something is something to keep in mind the Texas need to be filed but they don't necessarily need to be paid because one you know most people the vast majority of folks are going to fall under the foreign earned income exclusion which currently it goes up...
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2555 Ez instructions 2023 Form: What You Should Know
You may have received one of these forms automatically if you filed Form 1099-S. If you had already filed a 1099-DIV electronically, you will receive a new 1099-DIV by mail by February 28, 2020; however, you should keep the original, and not save it for filing, since this new 1099-DIV may be amended at any time. It is helpful to have your paper Form 1099-DIV ready to file with Form 1099-INT when asked by an agent. The purpose of Form 1099-DIV is to help you report certain taxes that you pay on your interest, dividends or other capital gains or income. (Dividend and interest are not taxable, as these income categories are only for certain specified purposes.) If you have income from all sources, you are required by law to complete an income tax return every tax year. You may be able to complete a Form 1040EZ (with no due date stamp). Alternatively, you may be able to use the 1040A and 1040EZ (no due date stamp). For a complete discussion about how to fill out your tax return, please see: Tax Filing Instructions. If you are filing a separate return for each of your accounts, you will only have to file one form. If you do not know whether you have to file a separate return, you are not required to file a separate return; however, you may want to fill out the form anyway. The IRS has provided the following list of what you need to include on each of your forms. Dividends: Include any dividend, interest, or capital gain you earned or received from any source. You have to report any and all dividends that you are required to report. Dividends from municipal bonds—including any municipal bond that will mature on or after October 1, 2018, will be included. Interest on money market funds, certificates of deposit, or money market mutual funds—will be reported on Form 1099-INT. Gain or loss from an independent investment advisor—will be reported on Form 1099-DIV. Dividends received or gains realized when property is sold—will be reported on Form 1099-DIV. This may be a taxable event for some people; however, it may not be considered income for others. Dividends received from an accredited college, university, etc., are reported on Form 1099-DIV.
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