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Financial Planning / Tax Strategies


Subject:  Re: foreign income and US taxes Date:  12/2/2004  12:52 PM
Author:  ptheland Number:  74365 of 129721

I've tried to explain that, AFAIK, ALL income earned by US citizens, regardless of where it is earned, is POTENTIALLY subject to US taxes, and that professional advice should be obtained as to this situation. They claim its not taxable here until the money is brought here, and "everybody knows that."

You are correct. Your relatives are not.

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