<h3>As a US citizen do I have to pay taxes to the US, if I already pay them in Chile to my employer?</h3>
I am thinking about being naturalized as a US citizen. My future employer is a university in Chile, so it is not a US company. I just want to make sure I won't have to pay taxes to both Chile and then to the US.
<strong>Chile best answer:</strong>
<p><i>Answer by Jino</i><br/>No; as a US citizen, you are subject to US taxes on your US source and world wide income; as you pay tax on your income that you earned in Chile to Chilean taxing authority then you can claim foreign tax credit on your tax that you paid to Chile on your USA return by filing form 1116 or by itemizing your FTC on Sch A line 8 as other taxes. ALSO, if you meet certain requirements, you may qualify for the foreign earned income and foreign housing exclusions and the foreign housing deduction. If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude from income up to an amount of your foreign earnings that is now adjusted for inflation ($ 95,100 for 2012). In addition, you can exclude or deduct certain foreign housing amounts. To claim the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction, you must have foreign earned income, your tax home must be in a foreign country, and you must be one of the following:A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year,
A U.S. resident alien who is a citizen or national of a country with which the United States has an income tax treaty in effect and who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, or A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months So you are NOT subject to double taxation in both US and Chile.</p>
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