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Topic: Changed UK employers-how do I reflect this on US taxes?  (Read 869 times)

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  • Dar
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Changed UK employers-how do I reflect this on US taxes?
« on: December 13, 2009, 06:08:58 PM »
I am getting started a bit early so I can give myself plenty of time.  I changed UK employers in October; however, the foreign earned income exclusion wants me to report my tax home.  My tax home was at one company until October and is now at another company (in a completely different part of the UK).  I am not sure how to show this.  Do I just enter the new company's info and state that the tax home was established in October 2009?
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Re: Changed UK employers-how do I reflect this on US taxes?
« Reply #1 on: December 13, 2009, 07:15:27 PM »
Take a look at the 2555 instructions because you are way confused on what "tax home" means, but it is an important phrase so it is worth learning!


  • Dar
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Re: Changed UK employers-how do I reflect this on US taxes?
« Reply #2 on: December 14, 2009, 08:51:29 AM »
Take a look at the 2555 instructions because you are way confused on what "tax home" means, but it is an important phrase so it is worth learning!

I was going off of the definition provided within the TurboTax software.  Oh dear!  Off to find the instructions.

Although, any guidance you could provide would be helpful.  I read law for a living but tax law completely and utterly does my head in!

ETA quote from 2555 Guidance:

Quote
Your tax home is your regular or principal place of of business, employment, or post of duty regardless of where you maintain your family residence.  If you do not havea regular or principal place of business because the nature of your trade or business, your tax home is your regular place of abode.

Am I misunderstanding the above?
« Last Edit: December 14, 2009, 09:01:43 AM by Dar »
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Re: Changed UK employers-how do I reflect this on US taxes?
« Reply #3 on: December 14, 2009, 09:03:51 AM »
I think guya means that it isn't the company you work for, it's the geographic location. Your tax home is the UK. In the US, it would be the state you worked in. The way it's defined there is talking about situations where, for example, someone lives in one state but works in another, their tax home is the state in which they work.
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  • Dar
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Re: Changed UK employers-how do I reflect this on US taxes?
« Reply #4 on: December 14, 2009, 09:11:40 AM »
I think guya means that it isn't the company you work for, it's the geographic location. Your tax home is the UK. In the US, it would be the state you worked in. The way it's defined there is talking about situations where, for example, someone lives in one state but works in another, their tax home is the state in which they work.

That makes more sense.  I think I am confused because TurboTax actually asks for a full address for my tax home.  Technically, that address has changed because I have moved to a different place within the UK.  I am trying to figure out what address is appropriate to place in that spot.
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