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Old 14.06.2010, 10:45
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US tax 1040 form: use Brutto or Netto income?

My fellow Americans, tomorrow is the deadline for filing your 1040 tax form in case you forgot. Question: for my annual income for 2009, do I use the Brutto figure, or Netto figure (basically exclude AVV/IV/ALV etc. taxes taken by the Swiss government at source)?

Of course the Netto would be preferable as that lowers my taxable income...anyone know?
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Old 14.06.2010, 11:16
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Re: US tax 1040 form: use Brutto or Netto income?

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My fellow Americans, tomorrow is the deadline for filing your 1040 tax form in case you forgot. Question: for my annual income for 2009, do I use the Brutto figure, or Netto figure (basically exclude AVV/IV/ALV etc. taxes taken by the Swiss government at source)?

Of course the Netto would be preferable as that lowers my taxable income...anyone know?
I believe that you use Brutto or Gross Income. Then you deduct taxes paid to foreign governments having mutual taxation pacts with the US government. Switzerland is one such country. Are you an ex pat or permanently living here as there are different rules for that as well.

Basically, I have been told that I won't pay taxes beyond the greater amount paid in either country. Since federal taxes in CH are less than those in the USA, that means the US return will be the final arbiter of how high your tax bill will be. I believe the way it works is that you get a tax credit for the CH taxes paid. Of course, this means that you have to know what taxes you paid in CH. I don't know about you but my 2008 and 2009 US taxes aren't done and my 2009 CH taxes aren't done either.
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