Tax
Feb. 8, 2011
When Overseas Income Is Tax Free
How to exclude income earned overseas from your U.S. taxes.
Robert W. Wood
Managing Partner, Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
As a U.S. citizen or permanent resident, you pay federal income tax on your worldwide income. If you are paying taxes in multiple countries, you may be entitled to a foreign tax credit against your U.S. income tax. You may even qualify for benefits under tax treaties. But can you ever exclude some of your income earned overseas from your U.S. taxes? Sometimes you can.
A U.S. citizen or resident alien - the latter means you hold a green card - living and working abroad may be entit...For only $95 a month (the price of 2 article purchases)
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