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Old 18th August 2009, 05:27 PM
rosweed rosweed is offline
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Originally from usa. Expat in canada.
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Thanks Bev. Good information.

Quote:
Originally Posted by Bevdeforges View Post
One quick note of clarification. It is possible to avoid the dual taxation in that first year outside the US. You are allowed an extension on the time to file that first return from outside the US until the time when you have fulfilled the residency requirements for taking the overseas earned income exclusion. Basically, you don't pay US taxes on the first $80,000 or $90,000 of earned income (i.e. salary) once you establish that you are resident outside the US.
Cheers,
Bev
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