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Latest revision as of 10:03, 16 May 2026


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Julie's total exclusion is $94,079. 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. tax.

Structured Entity Tax Credit - The government is attacking an inventive scheme involving state conservation tax 'tokens'. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually dried-up and a K-1 is issued to the partners who then consider the credits on the personal site again. The IRS is arguing that there is no legitimate business purpose for your partnership, it's the strategy fraudulent.

Copyright 2010 by RioneX IP Group LLC. All rights reserved. This material may be freely copied and distributed subject to inclusion of this copyright notice, author information and all the hyperlinks are kept whole.

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