State & Federal Taxes

[Owen` 2]

I went through my state tax web site today. For free filing. I picked out TurboTax for online filing. I went through the instructions on the screen and it was pretty easy to follow. Within 20 minutes my federal & state filing was done and filed. It was also FREE. laugh.gif I would recommend it.

 

 

 

Amazing that H&R Block stay in business. There must be enough people still floating about who simply can't use a computer or the net.

[kdc1899 1]

Isn't it true that if you're actually living in Thailand 12 months a year then you really wouldn't have any state tax to pay no matter where you used to live?

 

Rex

If you work for a foriegn company and spend less than 35 days in U.S. terrirtory

Than you can earn $80,000 tax free (Federal. Don't know how each state addresses this). Any income earned in the U.S. (renters, interest, dividends, etc) is taxable (if you live in one of those states that tax income). Do you earn $$$$ in Thailand?

Edited February 8, 2006 by kdc1899

[Rex7777 0]

KDC,

 

No, it'll just be a pension, investment income, etc. I I'll first move to Florida for five or six months before moving to Thailand. Register my car, get a drivers license, register to vote, etc. Then, if I want to take a very long long vacation to Thailand, I won't owe any state income taxes. I think FLA has an intangibles tax, though. I'll have to look int that.

 

Rex

[Owen` 2]

No, it'll just be a pension, investment income, etc. I I'll first move to Florida for five or six months before moving to Thailand. Register my car, get a drivers license, register to vote, etc. Then, if I want to take a very long long vacation to Thailand, I won't owe any state income taxes. I think FLA has an intangibles tax, though. I'll have to look int that.

 

My ongoing investigations say this is the way to go. Do not move to Thailand directly from a high state income tax state. Do it in two steps.

 

If you move directly, then you have to contact the state revenue people who have zero interest in telling you that you don't owe money that helps pay their salary. You will get a run around, and even if you don't, you can't trust what you're told.

 

It's a lot easier to come from a zero tax state. Your former high tax state will receive maybe a partial year income tax return from you with an address in Nevada or Floridat or Texas or whatever and this will convey to them that you moved. Period. Full stop. It should be the last you ever hear of them. Your federal tax return will list the new FL or Nevada address each year and if your former state ever bothers to cross reference your federal return, it will say you live in Florida and the book gets closed.

 

That's my read. Don't bother trying to explain something they don't want to hear. Just move for a few months and be done with the old place.

[Rex7777 0]

I found out today that Florida law allows a person to file a "Declaration of Domicile" with the clerk of the court. Yet another piece of evidence.

 

Rex