SusieQQQ
Well-Known Member
Thanks SusieQQQ, I would like to keep my options open. Is it true though once we activate we need to file a tax return for the US?
Yes, but unless your taxes are very complicated anyway it’s not a major issue. You are highly unlikely to have to pay any tax if you are mainly just earning income due to a combination of double tax agreements and the foreign income exemption; plus if you are not actually in the US you can get an extension till (I think -please check if you do this) Oct. 15 of the year after the one you are filing for. (Usual filing date Apr 15, for the previous year.)