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Home > Money & Services > Taxes   »   What portion, if any, of income earned abroad is taxable?

 
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Old Jun 3, 2008, 08:58 AM
cbetter
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What portion, if any, of income earned abroad is taxable?

If you gain employment with a foreign company in a foreign country, what are the tax laws when you return to the U.S.? For instance, Dubai is a tax-free country. Would you have to pay taxes on your income when you returned to the U.S.? Is there a time frame that if you go beyond that then your money would not be taxable? Can you wire money from there to a bank in the U.S. in order to pay bills while you're gone? Would that be taxable?

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Old Jun 3, 2008, 09:09 AM   #2  
MukatA
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If you are a U.S. citizen or resident, you must report your world wide income. You must file your tax return if your worldwide income exceeds the filing requirement.
Read Your U.S. Tax Return: U.S. Citizen or Resident with Foreign Income
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