Annual Taxes - Humor In The Drudgery

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(iv) All unaccounted income should be declared. If such a disclosure is fashioned before its detection the actual Income Tax Department, probabilities of being trapped in the tax raid are lowered.

Conversely, earned income abroad, and second income from foreign securities, rental, or everything else abroad, can be excluded from U.S. taxable income, or foreign taxes paid thereon, can be as credits against You.S. taxes due.

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