Dealing With Tax Problems: Easy As Pie: Difference between revisions
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Revision as of 23:18, 5 January 2025
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transfer pricing Example: Mary, an American citizen, is single and lives in Bermuda. She earns a salary of $450,000. Part of Mary's income will be subject to U.S. income tax at the 39.6% tax rate.
330 of 365 Days: The physical presence test is simple to say but sometimes be in order to find count. No particular visa is required. The American expat will not need to live any kind of particular country, but must live somewhere outside the U.S. to the 330 day physical presence find out. The American expat merely counts we all know out. On a regular basis qualifies if ever the day is in any 365 day period during which he/she is outside the U.S. for 330 full days perhaps more. Partial days on U.S. are viewed as U.S. working weeks. 365 day periods may overlap, each day is during 365 such periods (not all of which need qualify).
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