inquisitive
Recycles dryer sheets
- Joined
- Apr 7, 2008
- Messages
- 223
Does anyone know how taxation works for an American citizen residing in the United States, who earns foreign income, which is taxed by that country, and for which there are no tax treaties between the US and said country?
I haven't found much on google but there seems to be mention of a generic foreign tax exclusion that anyone can claim to avoid double taxation. Is this right or is it actually possible to have to pay tax twice on the same income?
I haven't found much on google but there seems to be mention of a generic foreign tax exclusion that anyone can claim to avoid double taxation. Is this right or is it actually possible to have to pay tax twice on the same income?