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Overview of U.S. taxes on foreign income for individuals

ThomsonReuters

This category typically includes salaries, wages, bonuses, and self-employment income received from foreign employment or business activities. The IRS  Interactive Tax Assistant  can help you determine whether income earned in a foreign country is eligible to be excluded from income reported on your U.S. tax return.

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Friday Footnotes: How EY Fights Poaching; Lack of Staff Is Closing Doors; Accounting to Biglaw? | 11.25.22

Going Concern

Trump reported losing nearly $1B over 2 years on tax returns: accountant testifies [ New York Post ]. Former President Donald Trump reported losses on his tax returns each year for a decade – including close to $1 billion in a two-year span alone, his onetime accountant testified at trial this week.

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