Question by mike2op: Does a US citizen living abroad liable for taxes in US ?
Hi,
I am a Naturalized US Citizen planning on living abroad in my home coury for few years to be with my sick parents but not going to work there. During those years I will have no income except couple of thousand dollars in interest on my savings in US bank.
(1 ) Do I have to still file for IT returns in US ?
(2) Am I liable for taxes on the interest earned in US bank ?
(3) Is there a Yahoo or Google or other group where attorneys or accountants can give me proper legal advice on these & other related matters ?
Really appreciate any & all the help.
Thank You in Advance.
Best answer:
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Hi,
I am a Naturalized US Citizen planning on living abroad in my home coury for few years to be with my sick parents but not going to work there. During those years I will have no income except couple of thousand dollars in interest on my savings in US bank.
(1 ) Do I have to still file for IT returns in US ?
(2) Am I liable for taxes on the interest earned in US bank ?
(3) Is there a Yahoo or Google or other group where attorneys or accountants can give me proper legal advice on these & other related matters ?
Really appreciate any & all the help.
Thank You in Advance.
Best answer:
Answer by eric54_20
You will be liable for taxes on money kept in a U.S. bank.....
Know better? Leave your own answer in the comments!
Related sites: Link , Link , Link , Link , Link
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