Filing U.S. Income Tax-Tax Information for U.S. Citizens Living in Korea

Filing taxes is difficult enough without living overseas. The fact remains that, regardless of the difficulties involved, American citizens are required to file their taxes. This might lead the suspicious among us to conclude that some sort of double taxation will occur. Unless you make over $80, 000 per year, you can rest easy. The average American citizen living in Korea will not approach that number.

Then why file the tax return at all? Far from being a primer on the psychological peccadillos of the Internal Revenue Service (IRS), this website simply states the fiscal responsibilities you have as an overseas citizen of the United States. You have to file so follow along to learn how.

What should I do?

Collect your tax statements from your place of employment.

Convert the amount listed in Won to U.S. Dollars. Click here to convert your currency!

Fill in the IRS tax forms required for citizens filing from overseas. They are 1040 or 1040EZ and 2555 or 2555 EZ.

Mail the appropriate forms to the following address before April 15:
Internal Revenue Service Center

Philadelphia, Pennsylvania

19255-0215 USA

Isn't there anything else?

For the average citizen living overseas in Korea, the answer is no. However, if you feel that you have special circumstances that might warrant additional paperwork or consultation, please refer to the following information and contact the following professional offices:

Publication 54 (2004), Tax Guide for U.S. Citizens and Resident Aliens Abroad

Internal Revenue Service-Department of the Treasury

Internal Revenue Service-International Offices

Overseas Tax Services-U.S. Income Tax Information