Paying Taxes Can Tax The Best Of Us: Difference between revisions

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Latest revision as of 16:09, 15 October 2024

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Julie's total exclusion is $94,079. To be with her American expat tax return she also gets to claim a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. tax.

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Three Year Rule - The tax debt in question has end up being for a return that was due at minimum three years in prior. You cannot file bankruptcy in 2007 and try to discharge a 2006 due.

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