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Version du 10 novembre 2024 à 20:43
There is much confusion about what constitutes foreign earned income with respect to the residency location, the location where the work or service is performed, and the source of the salary or fee costs. Foreign residency or extended periods abroad of the tax payer is a qualification to avoid double taxation.
In previously mentioned scenario, decide saved $7,500, but the irs considers it income. When the amount is expired $600, after that your creditor should send which you form 1099-C. How do you find it income? The government considers "debt forgiveness" as income. So how can an individual out of growing your taxable income base by $7,500 this particular settlement?
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