Quote:
Originally posted by zenmaster10665
Thanks a ton! I plan on being here over a year...let me ask you...so anyhting over 80K is taxable in the US? What if I am also paying UK corporation/residence tax?
Thanks again! 
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Might want to sit down and consult with an accountant for all this, since I haven't dealt with them much, but here goes:
Unearned income (interest, dividends, etc.) will be double taxed at both the foreign and US level. Same with earned income over $80k US. However, you will get to file form 1116 to claim a foreign tax credit, which will reduce the amount of US tax you owe.