Difference between revisions of "Offshore Business - Pay Low Tax"

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

Employers and Clients. Every year your employer is important to submit accurate documentation of the net profit and income taxes that they take your own your gross pay. Information is reported to and also your the federal, state, and local tax agencies on Form W-2. Likewise, if you perform are the an independent contractor, salary that you will is reported to tax authorities on Form 1099. You can request a duplicate from employers and businesses.

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