View Single Post
Old 12-08-2012 | 08:16 AM
  #117431  
Sink r8
Gets Weekends Off
 
Joined: Jun 2009
Posts: 5,113
Likes: 0
Question

Originally Posted by sailingfun
There are several living in Europe. It can certainly be done. You have to get a Long term stay visa which depending on the country could be difficult. There is also the tax issue. You will not be able to claim expatriot status and will owe all US federal income taxes. You might also be taxed in the new country. Do you research carefully and keep in mind the commuting expenses which are not tax deductible. The UK can get very expensive in that regard.
You can be taxed by your country of origin if you elect to, in certain industries. Ours is one of those.

But there is also the new FTDT rules to consider. If you can't back up int'l trips in 2014, it might change the entire equation.

Good luck!