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
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