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Need help about UK/US tax

Please help!

         

wefancyu

11:09 am on Nov 28, 2004 (gmt 0)

10+ Year Member



I have several websites earning from UK and US affiliate programs. For the UK ones, I have a UK bank account, they pay me directly to my bank account. For the US ones, they pay by cheques.

I have been UK resident (foreign national) for 1.5 years, now I'm in US (short visit <3 months).

I'll leave UK and US permanently and move to Asia, but I still have income from these sources. Am I liable to any UK/US tax, contribution? I don't know about US law very much, but for the UK, I think these income although raises in UK, but it's not from an employment, so I can have tax relief...am I right?

I don't might paying tax if I were in the country, but I can't see the point of paying tax if I am not going back to claim any benifit or pension whatsoever.

Anyone know? Please help....

wefancyu

11:11 am on Nov 28, 2004 (gmt 0)

10+ Year Member



I am desperate...Please help...thank you very very much....

rfung

1:33 pm on Nov 28, 2004 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Understandably this forum is a great place to ask affiliate income questions, but as far as the specifics of your particular situation, and your desperation, that's where you go to an accountant and ask your questions.

wefancyu

5:03 pm on Nov 28, 2004 (gmt 0)

10+ Year Member



i presumed people have similar experience here...

and you can't ask a US accountant about UK issues...

........

Michael Anthony

8:42 pm on Nov 28, 2004 (gmt 0)



My advice is to pay no tax until someone catches up with you. By travelling so much you're making it very hard for someone to find your details and unless the sums involved are in the millions the resources of the US and UK tax authorities just won't stretch to finding you.

Please understand that this is my personal opinion and not that of a qualified accountant, who would charge you plenty to tell you the same thing.

blairsp

8:59 am on Dec 2, 2004 (gmt 0)

10+ Year Member



You coudl always have a look at the inland revenue website. I believe the UK tax question is in rleation to domicile. This restricts greatly your ability to return to the UK for extended periods without paying tax. The UK also has a joint agreement with US in terms of part payment of income (although mainly share dividend). you cannot get Tax relief without decalring an income. That is like saying will you pay me NOT to pay my taxes.

again as others have stated I am not a certified accountant but I have had some (limited)experience in these matters. you really shoudl talk to an accountant

mathguy

6:53 pm on Dec 2, 2004 (gmt 0)

10+ Year Member



So far as the United States is concerned you could always try to wade through the IRS tax publications. While they don't carry the weight of law one would think that any statements contained within them are probably accurate.

[irs.gov...]

Your post wasn't clear on your citizenship but if you are a US citizen my reading of the IRS publications would say you would owe US taxes on all of your income. See IRS publication 514 [irs.gov...]

"If you are a U.S. citizen, you are taxed by the United States on your worldwide income wherever you live. You are normally entitled to take a credit for foreign taxes you pay or accrue."

From the way that reads if you are a US citizen it sounds like you aren't going to get out of paying taxes to somebody.