Monday, April 16, 2012

Tax Day 2012

It’s tax time in America. Even though we live, work and do everything in Hong Kong, Ryan & I are supposed to file tax returns with the IRS. We came to Hong Kong at the beginning of 2011, so most of our income is from Hong Kong, but I still worked in America at the beginning of the year. Next year it will be all Hong Kong, but we’ll still have to file with the IRS.

The good news is we don’t have to pay any taxes to Uncle Sam, but we still have to file. All of our taxes go to Uncle Don – I guess now it’s the new guy. We’re also poor enough that we can file online – their website says you have to mail in your returns if you make over $57,000. Now that Ryan’s worked in China it will probably get more complicated next year.

More good news is since we live outside of the US we automatically have a 2 month extension – so we’re not due until June 15th.

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