Posted by Scott on September 3, 2008, 10:19 am, in reply to "Taxes"
159.134.204.130
A free place to ask questions like yours is at http://www.askaboutmoney.com/
I'm afraid that my financial expertise is such that following it would probably end up with your kids in bound servitude and your bank account confiscated.
Best to ask the experts.
Scott
--Previous Message--
: Can anyone help?
: We are retired from the US, all income from
: the US, paying Irish Income Tax, resident
: but not domiciled.
: In previous years our income has been lower
: than our remittances to Ireland, so
: straightforward - pay Irish tax less the
: credit for US tax paid.
: However, for 2007, our income is higher than
: the remittances. We only have to pay Irish
: tax on the remittances.
: But, how do we know what US tax to file as
: credit? Surely not all of it? Pro rata? ???
: Thanks.
:
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