Difference between revisions of "How To Handle With Tax Preparation"

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There is much confusion about what constitutes foreign earned income with respect to the residency location, the location where the work or service is performed, and supply of the salary or fee pay. Foreign residency or extended periods abroad belonging to the tax payer is a qualification to avoid double taxation.

If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your earnings tax bill is going to be approximately three thousand dollars.

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