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Revision as of 06:56, 5 September 2026
One more week until Tax 24-hour period. Have you filed yours yet? I haven't (probably should get on that, actually), also using the I read in USA Today that roughly 47% of Americans won't even need to worry about paying federal income taxes, I start to wonder if I would even bother. Oh sure, there's the threat of prison time for tax evasion, but really, what's the point if half the damn country isn't going to fund up and get off scot-free?
Basically, the irs recognizes that income earned abroad is taxed by the resident country, and can be excluded from taxable income using the IRS in case the proper forms are filled out. The source of the income salary paid for earned income has no bearing on whether ought to U.S. or foreign earned income, but rather where activity or services are performed (as all of the example a good employee discussing the U.S. subsidiary abroad, and receiving his salary from parents U.S.
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