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Revision as of 18:52, 9 August 2026

Offshore tax evasion is crime in several onshore countries and includes jail time so it in order to be avoided. On the additional hand, offshore tax planning is Not a crime.

Julie's total exclusion is $94,079. On her American expat tax return she also gets declare a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. value-added tax.

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