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Must I pay Taxes on income earned in Europe?

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nolosoft
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Posts: 28
« on: April 06, 2011, 04:51:12 pm »
Hi,
Can you help me to find out if I must pay taxes on income earned while on my trip in Europe? I am USA resident.
tx
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« on: April 06, 2011, 04:51:12 pm »
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steven
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Posts: 223
« Reply #1 on: April 07, 2011, 12:40:05 pm »
Income earned from foreign sources is reported on form 2555 Foreign Earned Income and then on form 1040, line 21.

The tax you paid abroad is reported (credit for the tax taken) on form 1116 Foreign Tax Credit and then on line 47 of form 1040.
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nolosoft
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« Reply #2 on: April 07, 2011, 04:00:51 pm »
This is great help, thanks for all the information.
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Maxi-Pedia Forum > Finance, Business, Taxes, Economics, Jobs, Politics, etc. > Taxes (Moderator: mod) > Topic: Must I pay Taxes on income earned in Europe?
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