loan,banking and credit
*Loan,banking and credit>>>income tax

Will my income be taxed if i work for a contactor in iraq?


what % of income is not taxed

Assuming you are a US citizen or resident, your entire income earned abroad will need to be reported to the IRS and subject to US income tax.

However, depending on how long you stay in Iraq (minimum 330 days) and your tax home (your tax home is your regular or principal place of business, employment or post of duty), you may be entitled to a foreign income exclusion of up to $82,400 (2006) of foreign income not subject to US tax. Moreover, for any amount over the $82,400 limit and if you actually paid some foreign income tax on those income, you will also get a foreign tax credit.

The rules are quite complicated. It is better to find a qualified accountant to handle your case.
Tags
tax software tax table tax tips tax year income tax business tax car tax child tax cigarette tax corporate tax
Related information
  • Will my income be taxed if i work for a contactor in iraq?
  • Should agricultural income be taxed?
  • Will my income be taxed in the US if I work a foreign independent contractor?
  • If I make a donation to a charity before April 15th can I use that against last years income taxes?
  • If I am renting my condo- do I have to give the renters any "proof of rent" for their income taxes????
  • If two people lived with u for a year and neither one worked, can i claim them on my income taxes?
  • If I am a non-resident of Illinois and earn interest from an illinois bank, do I pay Illinois income taxes?
  • If you make a profit on the stock market, how much of a percentage is taken out on ur income taxes?
    •    

    SiteMap--Copyright/IP Policy--Contact Webmaster
    For personal non-commercial use only.