Difference between revisions of "Government Tax Deed Sales"

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Revision as of 17:19, 10 June 2026

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Julie's total exclusion is $94,079. On her American expat tax return she also gets declare a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. duty.

Another angle to consider: suppose business takes a loss for the year. As a C Corp presently there no tax on the loss, however there additionally be no flow-through to the shareholders along with an S Corp. The loss will not help your individual tax return at many. A loss from an S Corp will reduce taxable income, provided there is other taxable income to overcome. If not, then there is no taxes due.

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People hate paying duty. Tax avoidance strategies are entirely legal and may be made good use of. Tax evasion, however, isn't. Make sure you know where the fine lines are.

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