Offshore Business - Pay Low Tax: Difference between revisions
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Revision as of 21:40, 22 January 2025
Filing taxes is a confusing and complex process begin with normally. Making errors will happen from with regard to you time, nevertheless the one thing you would not want to do is understate the income you make. Underreporting earnings is means to get the IRS hopping mad.
Defenders for this IRS position would say it comes home to Section 61. The waitress provided a service for me, and I paid hard. Compensation for services is taxable. End of post.
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Example: Mary, an American citizen, is single and lives in Bermuda. She earns a salary transfer pricing of $450,000. Part of Mary's income will be subject to U.S. tax at the 39.6% tax rate.
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