Since we are not living in the US and not needing any services from the US do we still have to pay tax. I mean i do not own property, houses etc. So why not just bag the money and save it in some overseas offshore accout. Upon return to the US just arrive with no money. Is this a problem?
Today 16:44
The best thing you can do is talk to a tax professional who specializes in expat taxes. He/she can answer ll your questions. Alternatively, Turbotax works pretty well if you follow the directions closely. In short: you may or may not have to pay taxes, but you definitely have to file a return. You must also, according to the Treasury Department, file a form listing all of your foreign bank accounts with more than $10,000.
http://taxes.about.com/od/preparingy...a/TDF90221.htm
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