Offshore Bank Accounts And The Irs Hiring Spree: Difference between revisions

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The old adage is crime doesn't pay, but one certainly can wonder sometimes about the accuracy of it given quantity of of politicians that find a way to be bad guys! Regardless, the fact you are making money from an offence doesn't mean you you do not have to pay taxes. Correct. The IRS wants its unfair share of your ill gotten gains!

Conversely, earned income abroad, and a second income from foreign securities, rental, or whatever else abroad, could be excluded from U.S. taxable income, or foreign taxes paid thereon, is utilized as credits against You.S. taxes due.

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