TaxConnections

Login | TAXPAYERS | TAX PROFESSIONALS-START HERE

I am moving to a new job in Switzerland November 1, 2012. The months of November and December I will be paid by an employer in Switzerland. What do I need to be aware of regarding my personal taxes with two separate employers from two countries taking taxes out of my wages?

Expatriate
TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
Jim Pemberton
I would consult the US Embassy after arriving there. They have tax specialist there who will assist you in completing your US tax forms and/or answer your tax questions.
Leave a Comment 296 weeks ago

User Photo
Abraham Itani, CPA
I am assuming you are moving from US to Swiss. Also, I am assuming you are staying more than two years in Swiss on this assignment.

You would need to get an extension for your taxes from the IRS to extend the time beyond Dec. 31, 2013.

You have to file your Swiss return and when times come in to prepare your 2012 US tax return in early 2013 you will be able to exclude the two month from your income and possible get some foreign tax credit.

Bottom line what you need to is to extend your US tax filing date beyond Dec. 31, 2013. You have to make sure that your US tax liabilities are meet, extensions are only for time and not for payment.
For the state, you need to tell me which state you were resident off, before moving overseas.

I hope this helped, if you have any question or concern, please let me know.

Regards,
Abraham Itani, CPA
www.itanitax.com
Leave a Comment 296 weeks ago

User Photo
Chuck Heyde, CPA, CGMA
You have a lot to look at - we provide a FREE service we call "Pre-Assignment Consultation." In which we will talk to you over the phone for 30 minutes to explain the taxes and rules you are about to encounter. If interested send me an e-mail - Chuck.Heyde@GEMMS.us

If you want to go it alone, I recommend the following readings:

www.form-2555.com
www.bona-fide-residence.com
www.physical-presence-test.com
www.fbar-advice.com

Finally, your new "google" words are "expatriate" and "expatriate tax." There you will find all you wanted to know but didn't know to ask.

Good luck and enjoy your journey.
Leave a Comment 295 weeks ago

Meet Leading Tax Advisors

User Photo Peter J. Scalise

Federal Tax Credits & Incentives Practice Leader

New York, NY

User Photo John L Stancil

Tax Advisor/CEO

Lakeland, FL

User Photo John R Dundon, II EA

Tax Director

Denver, CO

User Photo Kevin Johnson MS, JD, LL.M, CPA

Partner

Philadelphia, PA

User Photo Brian Weaver, CPA, MBA

Managing Tax Consultant

Des Plaines, IL

User Photo William Rogers, CFP, MBA, EA

Rancho Santa Fe, CA

Title

User Photo Clinton J Donnelly, LLM

International Tax Advisor

Panama City, Panama

User Photo Jim Marshall, EA

President/ Tax And Financial Advisor

Scottsdale, AZ

User Photo Brett A Thompson, JD, CPA

Managing Tax Lawyer

Katy, TX

User Photo Charles Woodson, EA

Tax Advisor/Fiduciary Coach

San Diego, CA

User Photo John Richardson

Tax Lawyer

Toronto, Canada

User Photo Clifford Benjamin

Senior Tax Principal

Daytona Beach, FL

User Photo Kazim Qasim, EA, CTC

Managing Tax Advisor/CEO

Orlando, FL

 

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

INCREASE KNOWLEDGE WITH EVERY ISSUE OF TAXCONNECTIONS

 

Learn from tax advisors, straight to your inbox

Update My Email Address
Contact Us Today