foreign income tax

The country where I live does not tax it, So this is not an income? What about deductions?

The country where I live does not tax it, So this is not an income? The IRS does not care how your foreign country, where you reside and make money taxes income. If the income is not specifically excluded in the Internal Revenue Code, it is taxable. Section 61 leaves little doubt: unless otherwise provided …

The country where I live does not tax it, So this is not an income? What about deductions? Read More »