Why Restrict Be Quite Tax Preparer: Difference between revisions
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Latest revision as of 15:22, 8 January 2025
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 any payment. Foreign residency or extended periods abroad from the tax payer is often a qualification to avoid double taxation.
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What about Advanced Earned Income Credit? If you qualify for EIC may get it paid for during 2010 instead for the lump sum at the end, this gets sticky though because happens if somehow during last year you go over the limit in earnings? It's simple, YOU Repay. And if it's not necessary to go during the limit, you still don't have that nice big lump sum at finish of last year and again, you HAVEN'T REDUCED In any way.
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