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Like traveling? No income taxes(up to 120k) if you live outside of the US more than 330 days a year. (www.irs.gov)

submitted 2 months ago* (last edited 2 months ago) by [email protected] to c/[email protected]

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when tax time comes around, you fill out an IRS form called the FEIE, the Foreign Earned Income Exclusion.

Check the "physical presence test" box, fill out your total income for that year, then write down the dates that you were not in the United States and where you were.

10 minutes, one extra form, no income taxes.

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[–] [email protected] 0 points 2 months ago

Probably worth pointing out that the fact that the US claims any tax on income earned by its citizens overseas is very weird and not normal internationally

[–] [email protected] -2 points 2 months ago (2 children)

Ah tax fraud. The best of all frauds.

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago)

The FEIE is an official IRS tax procedure that has nothing to do with tax fraud.

[–] [email protected] 1 points 2 months ago

It’s not. That’s part of the filing process for expats.