What IRS regulation deals with tax exclusion for US Citizens working overseas?
84178
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1185238
There will likely be withholding on any income (or other) distributions to the foreign partner. You can read more by following the link below.
607429
yes, often it gets taxed before it hits you...and then gets taxed again. NOKIA is probably a favorite example here in the US...widely held, widely known.\n\nYou will be offered the chance to claim the foreign tax paid as a deduction or as a credit. A credit will be worth more to your bottom line. There is a line item on your taxes that will ask SPECIFICALLY if you paid any foreign tax. THAT is where your entry goes. Good luck.
595887
The United States does not tax nonresident aliens on income from personal services performed outside the country, regardless of citizenship or residence.  \n\nSection 871 imposes a tax on investment income and compensation from US sources, and income connected with a trade or business carried on by the individual in the United States.\n\nSection 864 provides that the performance of personal services in the US is considered carrying on a trade or business in the US.\n\nSections 861-862 provide that income from personal services has its source where the services are performed.\n\nBased on all these provisions, your wife should not have income from US sources and should not be subject either to income tax or to social security taxes.  \n\nSometimes it is difficult to get employers to accept this, but these are the rules.  Since the employer is a large company they should have experience with this and you should not have any problems.\n\nIf your wife travels to the US on business, then there is a possibility she would be subject to US tax on the compensation attributable to the time she spends working here.\n\nYou should confirm this advice with your tax advisor.
933721
Sure. Start with Title 26 of the US Code. Passed by Congress over the past 90 years. Under authority of the 16th Amendment, ratified in 1913, and confirmed by the US Supreme Court as being ratified in 1916. See the dozen other posts on that subject for details. US Code Title 26 authorizes the Department of the Treasury to collect personal income taxes. The IRS is their enforcement arm.\n\nNext, violation of the PRA does not alleviate tax liability. Read 44 USC 3501 and 44 USC 3518. Nothing in the PRA reduces the authority of any govt agency to carry out their functions or impedes their ability to assess civil or criminal liability. Read 44 USC 3506-08 Nothing the PRA limits an agency's authority to collect information necessary for those functions.\n\nThird, the Public Protection clause (44 USC 3512) states in relevant part that a person cannot be penalized for refusing to fill out forms that do not include a proper control number. However, even if the form does not include such a control number (I haven't checked) no penalty is being imposed under the PRA and no penalty is being imposed for refusing to provide the information discussed in the PRA. So section 3512 doesn't apply. Not to mention that filling out form 1040 by itself is a voluntary process, and thus not subject to the PRA. \n\nTitle 26 Section 1 imposes tax liability. Title 26 Section 601 et seq sets forth reporting requirements. If a person does not voluntarily assess their own tax, the govt will perform the tax assessment. This is independent of what forms are used.\n\nSo, regardless of your arguments about the PRA, that doesn't affect a person's tax liability. See the IRS website and dozens of federal tax evasion cases for further details.
106593
Basic principle is that you have to pay tax only in one country.  So if you paid taxes in India, you can get a deduction in the US.  However, you need to disclose WORLDWIDE income in the US.  There are no tax implications of bringing money back to the US and it will not be considered as Income.  If you make a profit due to currency fluctuation, that is a profit and needs to be disclosed.  One more thing - you cannot transfer money to the US from your NRO account.  You will have to get cash, exchange it to dollars on the open market and bring it in physically.  All the best.
590619
There are none. If you live in the US, and you want money, you gotta work for it.
211987
Only the IRS knows the answer to your question.
828392
It does not matter where you work.  Whatever entity you set up, you will wish to take profits out of the business to live on, right?  In that case, you will have to pay NY taxes becaus that is where you live.  Remember, not all free advice is worth the money!  (Think about it.)\n\nYou should consult with a NY CPA, who will be able to advise you best.  Do not rush to a low-tax jurisdiction without considering the effect on your own personal return.  Ultimately, that is the bottom line.
1176516
I noticed you have this listed under Australia/New Zealand. I can not answer for those countries but, if you are in the United States, the company is responsible for all license and tax fees for their vehicles, regardless if the vehicle is work use only or the employee is allowed to use it for personal use also.
362796
You should consult a tax professional in NZ for the specifics.  I would assume that if you pay all the taxes due in the US, you shouldn't have to pay anything over there.  INCOME tax should be paid where you make the income, which is a business in the states.  NZ shouldn't be able to tough it.
463110
Great idea -\n\n- no tax exemption status until at least three miracles are performed in the presence of IRS agents.
444746
I believe the government is allowed to access information from the landlord, and the person's bank account in this instance. There are no legal ways to evade tax. If you invest the money, you may be able to minimise your tax, but as I am from Australia and our tax laws are different to yours, I can't say for certain. \n\nThe American tax laws take up 1.2 million pages, so I'm sure they have covered everything.
268931
It depends on where you live. Look it up at IRS.GOV
945394
Laws only apply to american taxpayers. they do not apply to illegal aliens.....I proved that point this weekend....I reported some illegals in my neighbor hood to the FBI....the FBi didn't show, which means obviously they don't care.....But i still gotta wear my seatbelt or else!!!>>>
735835
Mexican foreign nationals who work in this country ARE paying for Social Security and other "taxes".  The American employers who criminally invite and hire undocumented foreign nationals withhold those taxes and Social Security from their pay and keep it for themselves.
676937
A United States citizen or resident must report ALL "worldwide" income, including gambling winnings from outside the US borders.