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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 pay. Foreign residency or extended periods abroad belonging to the tax payer can be a qualification to avoid double taxation.
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(iii) Tax payers tend to be professionals of excellence shouldn't be searched without there being compelling evidence and confirmation of substantial bokep.
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The more you earn, the higher is the tax rate on genuine earn. In 2010-you have six tax brackets: 10%, 15%, 25%, 28%, 33%, and 35% - each assigned with a bracket of taxable income.
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Discuss this tax strategy with your tax expert and financial planner. As is feasible element is always to lower your taxable income so that you can take advantage of tax benefits otherwise denied you as your income is too high. Be certain that that your strategy is legitimate. Lucrative plenty of means and methods to lower your taxable income rrnside the rules, anyone don't for you to stray into unlawful in order to protect your income from the taxman.
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