Difference between revisions of "Annual Taxes - Humor In The Drudgery"
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Latest revision as of 08:08, 1 November 2024
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 any payment. Foreign residency or extended periods abroad of the tax payer is a qualification to avoid double taxation.
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We hear a lot about income taxes, but a majority of transfer pricing people need to know just just how much income-related taxes they're paying. We're taxed by both our federal government and our state. Considering that the federal government takes the lion's share, I'll concentrate on its tax.
Defenders of the IRS position would say it pops up to Section 61. The waitress provided a service for me, and I paid hard. Compensation for services is taxable. End of deal.
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