>
Date: Fri, 17 Jan 2003 19:26:13 -0500
X-Mailer: Microsoft Outlook IMO, Build 9.0.6604 (9.0.2911.0)
If you're on an H1B and are leaving the US for good, then you may not need
to pay tax on the whole year's earnings (in US & CH)...but you need to
calculate what is best for you to do, and I use an accountant to calculate
this.
You can either choose to tax each time period in each country just for the
time that you live there - but then the US tax rate is typically higher on
that part-year US piece (30% tax plus). Or you can choose to tax all your
year's income with the IRS, and get some foreign tax credits to reduce it a
bit. The choice often depends on what time of year you move, and the
relative earnings and expenses you wish to deduct for the different time
periods in the two countries.
Regards
John Chamberlain
=================================================================
To unsubscribe from the swiss-list mailing list send the
message body of "unsubscribe swiss-list" to majordomo_at_swiss-list.com
or visit http://www.swiss-list.com/mailing/
Received on Sat Jan 18 2003 - 00:27:48 PST
