Foreign Income Is Taxable in the U.S. (2018) – IRS International Tax Rules

Foreign Income Is Taxable in the U.S. (2018) – IRS International Tax Rules  Foreign Income Is Taxable in the U.S. (2018) – IRS International Tax Rules by Golding & Golding One of the most common questions we receive at Golding & Golding, is how foreign income is taxable in the United States, when the money was earned outside of the United States? Unfortunately, U.S. Tax law is counterintuitive. When it comes to the United States, the best way to think of tax liability, policies and procedures…is that the IRS is greedy. They want a piece of all of your money, and it doesn’t matter if it was earned outside of the United States or within the United States – if you are a U.S. Person, then the baseline analysis begins with you being subject to US tax on your worldwide income. But I’m Not a U.S. Citizen? While the distinction between U.S. Person and U.S. Citizen may be important for immigration and other related purposes,…

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