Difference between revisions of "2006 Report On Tax Scams Released By Irs"

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Revision as of 19:55, 20 July 2025


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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 of the tax payer is really a qualification to avoid double taxation.

If you purchase a national muni bond fund your interest income will be free of federal duty (but not state income taxes). An individual buy a situation muni bond fund that owns bonds from your personal home state this interest income will be "double-tax free" for both federal and state income tax burden.

Minimize fees. When it comes to taxable income it's not how much you make but exactly how much you reach keep that matters. Monitor the latest variations in tax law so that you pay the least amount possible.

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