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A disgruntled ex-employed call the state, reported my family's glass business for sales tax evasion. On the list of local state sales tax auditors called plan some time to pore through our books.
Julie's total exclusion is $94,079. To be with her American expat tax return she also gets to claim a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. tax burden.
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There are two terms in tax law a person can need become readily not unfamiliar with - bokep and tax avoidance. Tax evasion is a thing. It happens when you break legislation in a feat to never pay taxes. The wealthy individuals who have been nailed to have unreported Swiss bank accounts at the UBS bank are facing such bills. The penalties are fines and jail time - not something you truly want to tangle with these days.
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