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July 25, 2019
Question

Can one open up or have an IRA or ROTH IRA (or both) living & working in the country of Myanmar even though he pays no US taxes on his teaching salary?

  • July 25, 2019
  • 1 reply
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1 reply

macuser_22
Employee
July 26, 2019

No.  You must have taxable compensation.  Excluded foreign income does not count.

 

See IRS Pub 590A "What is compensation"

https://www.irs.gov/publications/p590a#en_US_2018_publink1000230355

 

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**