Ask TaxMama.Com Tax Information With A Mother's Touch Published by Eva Rosenberg, MBA, EA Volume 6, Issue 255        April 16, 2004

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Following My Wife » From: Westminster, CO Dear TaxMama: Next year, I will be a retired teacher. I plan to go with my wife who is going to teach for the Department of Defense in Korea. Will my retirement check from P.E.R.A and a retirement stipend from my school district be taxable if I am overseas for a year or more? Thanks for your advice, Kirk Dear Kirk, If you remain a resident of CO while you're gone, you'll still need to pay CO taxes on it. As to IRS taxes, the foreign earned income exclusion is for EARNED income - i.e. wages or freelance income. It doesn't cover income from pensions or investments. Those are still taxable. You'll find more information here, in the instructions for Form 2555, the Foreign Earned Income Exclusion form And here's the form Incidentally, there are often volunteers at the US Embassies, through IRS's VECTA program to help you with your tax returns. Best wishes, Eva Rosenberg Your TaxMama

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