Do I make enough to file?

Hi All,

Apologies ahead of time if this has already been answered somewhere in this forum.

I am a U.S. citizen who has been living in the U.K. (I'm married to a British citizen) since 2009. During this time period, I have been a full-time student in the U.K. However, I have worked throughout my studies and in the U.S. tax year (2013) I made approximately £14,500. I have never had more than $10,000 in any of my accounts at any one time (although my husband has some ISAs that would surpass this amount that are only in his name).

I'm very confused as to whether I need to report this income to the IRS. It is my understanding that if I do have to file, I would need to submit a Department of Treasury Form TD F 90-22.1 and that I would have until June 30th to do so. Am I on the right track here?

Any information would be very helpful!

Thanks!

Yes, married filing separately minimum income for reporting is $3,900 and you earned well over that.

You have until June 15th to file.  I would recommend using Tax Act.  It'll guide you and fill out the correct forms for your circumstances.

Hello,

Yes, KFdancer is correct...you will need to file a US return as your income is above the minimum threshold for filing.

You will also need to file an FBAR form (TD F 90-22.1 or FINCEN 114) if the total of all your foreign bank accounts (including joint accounts that have your name on them) is more than 10K. If the total of accounts is less than 10K, no need to worry about the FBAR form.

Also, all FBAR's must now be e-filed directly online. They will no longer accept paper copies by mail.

If you need more information on the FBAR, this is a great article: http://www.greenbacktaxservices.com/blog/everything-you-need-to-know-about-the-fbar/

Hope this helps!

You could well find you are due a REFUND. File.

According to your previous posts you are studying for a PhD. This could well give you an American Opportunity Credit refund so do investigate if you qualify.

Follow KFdancer's advice.

Form TD F 90-22.1 was retired in the Summer of 2013 and is now obsolete. The correct Form is FinCEN Form 114 and this is required if the total of all non-US accounts exceeded $10,000 even just for a day.

Thank you all so much - I now feel I know where to start.  I will certainly look into Tax Act (I had no idea I could be owed a refund! Bonus!)

The most likely way you'd be due a refund if you never had any withholdings or estimated tax paid to the IRS is if you're eligible for a refundable tax credit (i.e. one that can give you a "negative" tax bill, in contrast to a non-refundable credit which can lower your tax bill but can't drop it below zero).