What Will Be The Irs Voluntary Disclosure Amnesty: Difference between revisions

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Example: Mary, an American citizen, is single and lives in Bermuda. She earns an income transfer pricing of $450,000. Part of Mary's income will be subject to U.S. taxes at the 39.6% tax rate.

The Tax Reform Act of 1986 reduced the actual rate to 28%, at the same time raising the underside rate from 11% to 15% (in fact 15% and 28% became single two tax brackets).

The increased foreign earned income exclusion, increased tax bracket income levels, and continuation of Bush era lower tax rates are excellent news several American expats. Tax rules for expats are development. Get the professional guidance you have to have to file your return correctly and minimize your Ough.S. tax.

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