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What else can I help you with?
What is supported by those who move businesses overseas?
When businesses move overseas, that stimulates overseas employment. There are usually also lower taxes and business costs associated with these types of moves.
Can wages earned overseas that are not subject to federal income tax be garnished for child support?
I've worked several overseas assignments. The US is one of the only countries that taxes foreign income so I can't imagine a situation where your foreign income would NOT be subject to US federal taxes. As such I would further suppose that it is therefore liabel to be garnished.I'm improving the previous answer: My husband worked overseas. He did not have to pay US federal taxes because he paid German taxes and a person cannot be double taxes on income. He still had to pay his child support obligation and it was garnished from his pay.
What is the Bermuda loophole?
it allows companies to use an overseas post office box to avoid paying taxes.
As a non-resident US citizen will you owe US taxes when you win a house or car overseas?
Yes. You must.
How did giography affect the economy?
Geography has affected imports and exports, if objects are exported overseas then they are subject to different taxes.
Has President Obama sought to raise the taxes of American companies who operate overseas as he promised?
President Obama has only said he wants to close corporate loopholes that allow American companies to operate overseas without paying taxes. He does not want to punish American companies that have overseas branches-- his comments were about the companies that shift their operation overseas in name only, by setting up a shell company (which usually turns out to be a postal mailbox, not a real office). However, his effort to close these loopholes and end the ability of certain companies to avoid paying taxes has so far been blocked by congress.
How would one go about acquiring overseas investment properties?
One can invest in overseas properties by contacting a realtor and inquire of real estate listings. One must follow the tax laws of which country the property is in, and pay applicable taxes.
What happened when many large corporations competed with each other and some expanded overseas?
When a lot of large corporations competed with each other and some expanded overseas, it meant a loss of jobs for American workers. Also, companies found it was often cheaper to operate overseas, where wages were lower and taxes weren't as high. As a result, more companies moved some or all of their operations overseas.
How do you stop paying taxes legally?
If you are an American, then here's one way: Find a job with a compay that sends you overseas, or be self-employed as a consultant working overseas. The first 80,000 bucks are tax free as far as the IRS is concerned.Other than that.... Good luck, and let us know what else you discover, because a lot of us would like to stop paying taxes. ;-(
What are some things to keep in mind if one has decided to volunteer for overseas work?
There are a number of things to keep in mind if one had decided to volunteer for overseas work. Depending on the country one is traveling to, they may need immunizations. There are also Visa and taxes to worry about.
How can I submit an IRS 1099 form when I live overseas?
You can e-file your taxes online so long as you have all of the information. You can submit an electronic version of the IRS 1099 form.
Can I wait until after April 15th to file my income taxes online?
You would need to file an extension if you wish to file your taxes after April 15th. But not everyone is eligible to do so. It would more pertain to people who are overseas in the military or if you are in a disaster area that was hit by mother nature.
