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Revision as of 02:37, 21 September 2024
Offshore tax evasion is crime in several onshore countries and includes jail time so it in order to avoided. On one other hand, offshore tax planning is Not really a huge crime.
Julie's total exclusion is $94,079. On 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. taxes.
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