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?
Tax Professional Answers
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.
Abraham Itani, CPA
If you want to go it alone, I recommend the following readings:
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.
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