Foreign Earned Income Exclusion

August 29, 2022 ⚊ 1 Min read ⚊ Views 102 ⚊ BUSINESS

The IRS doesn’t care where you live; you are still subject to its extensive authority if you are a U.S. citizen, which is the first thing you need to grasp. You are required to submit us income tax for us citizens living abroad with the IRS and disclose 100% of your global income, regardless of where you live or where you make your money.

Read details: https://www.edocr.com/v/k621xxrk/usaexpattaxes/foreign-earned-income-exclusion

Tags: us income tax for us citizens living abroad

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∎ − You must clearly understand your trip time if you want to visit the U.S. and typically use the Physical Presence Test to claim the Foreign....

∎ − The American tax system does not discriminate based on where people live. U.S. citizens living overseas (expats) are usually compelled to disclose their global income,....

∎ − If you are a US citizen or resident alien, you are subject to US federal income tax on your worldwide income, regardless of where you....