Tax questions 1099 form and more?

Tax questions 1099 form and more?
I was living on Maui ( HI) for the past four years . i was engaged but thank god i didn't mary her!.so i left my life packed my stuff and moved to a different place in the world. ( this was a really tough time for me and i decided the best thing to do was quit my job and move to a different continent. ( i am a dual citizen ) This month i got a 1099 tax form from last years job .i made over 38k I recently moved outside the USA and i am not thinking of comming back anytime soon due the economy and my status now working abroad and doing really well. I was wondering what would happen if i don't file or what could happen. Also i never filed any taxes before so i am not sure if i should do it this time. as far as i can see i have no future in the USA and i have no intention of going back. what do you think. Thank you.


Answers:

paobay:  Oh well, never say never. If you don't pay taxes then when you come back, IRS will track you down and take money from you with interest at that time. You can risk it or try your luck :)
2009-02-05 16:40:59
Chosen Answer
paradise:  I think that you should file a 1040 and attach a Schedule C-defining your income that was reported to you on a 1099 and list any and all of the expenses that you incurred to make this money. Dual citizenship or not, if you leave this money unreported you will be subject to 15.3 percent self employment tax and income tax on the entire amount. If you can't pay the balance join the IRS club, like so many others. They will catch up with you and it could be a question of tax evasion
2009-02-05 16:43:29
curious2know:  I don't think you need an answer. It sounds like you have already made your mind up. You don't want to pay taxes so why even ask the question. You did not say "you were not financially able to pay" you have chosen not to. I say join the scums on Wall Street. It is people like you that takes away from our economy. Good riddance.
2009-02-05 16:53:48