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Showing results 1 to 11 of 11
Search took 0.00 seconds. Search: Posts Made By: jmschmidt
Forum: Liveaboard's Forum 30-12-2014, 15:03
Replies: 93
Views: 20,530
Posted By jmschmidt
Re: Taxes When Living Aboard

I have no problem with people who move anywhere to avoid taxes. It is everyone's duty to minimize their tax load. This country was founded on a tax revolt, a tax of only 10% on tea.
Forum: Liveaboard's Forum 29-12-2014, 12:36
Replies: 93
Views: 20,530
Posted By jmschmidt
Re: Taxes When Living Aboard

Yes, a lot of people did it in the 70's, 80's and early 90's but since the law was changed it's a useless tactic. Why not just disappear and never set foot on US soil again. At least you'd save the...
Forum: Liveaboard's Forum 28-12-2014, 15:45
Replies: 93
Views: 20,530
Posted By jmschmidt
Re: Taxes When Living Aboard

Sorry again Black Tiger but a US citizen who renounces his US citizenship is considered a US Tax Person for ten years after renunciation. There are exceptions to that which are considered by the IRS...
Forum: Liveaboard's Forum 28-12-2014, 14:13
Replies: 93
Views: 20,530
Posted By jmschmidt
Re: Taxes When Living Aboard

Sorry Black Tiger but if you are a US citizen or a "US Tax Person" as defined in the Internal Revenue Code you are responsible to file a US federal income tax return yearly and report all you income...
Forum: Liveaboard's Forum 28-12-2014, 13:29
Replies: 93
Views: 20,530
Posted By jmschmidt
Re: Taxes When Living Aboard

I believe there are are four countries that tax their citizens on all their world-wide income from every source. The US and the Philippines (because the Philippine IRS was set up by the US IRS after...
Forum: Liveaboard's Forum 28-12-2014, 13:22
Replies: 93
Views: 20,530
Posted By jmschmidt
Re: Taxes When Living Aboard

I'm not arguing about anything, just trying to inform. If you don't care don't reading.
Forum: Liveaboard's Forum 05-12-2014, 13:39
Replies: 93
Views: 20,530
Posted By jmschmidt
Re: Taxes When Living Aboard

There two kinds of property, real property (land and improvements thereon) and personal property is everything else you own. There are two kinds of personal property, tangible and intangible. ...
Forum: Liveaboard's Forum 05-12-2014, 13:05
Replies: 93
Views: 20,530
Posted By jmschmidt
Re: Taxes When Living Aboard

If this is true the law has changed.
Forum: Liveaboard's Forum 03-12-2014, 19:44
Replies: 93
Views: 20,530
Posted By jmschmidt
Re: Taxes When Living Aboard

Re: Pension income. Hawaii is only one of two states with a state income tax that does not tax pension income. There are many other tax reasons to not be a resident of Hawaii but if pension income...
Forum: Liveaboard's Forum 03-12-2014, 00:19
Replies: 93
Views: 20,530
Posted By jmschmidt
Re: Taxes When Living Aboard

Yes, and that means you can only come back to the US for the reminder of the 365 or 366 days. And, I think its cumulative rather than calendar year bases. In other words you can't double them up...
Forum: Liveaboard's Forum 02-12-2014, 19:21
Replies: 93
Views: 20,530
Posted By jmschmidt
Re: Taxes When Living Aboard

Wow! Very good answers. I can't find fault with any of it and I can add little else. I didn't see a specific reference but regarding the Foreign Earned Income (from a job or business, not...
Showing results 1 to 11 of 11

 
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