The Tax Benefits Of Real Estate Investing: Difference between revisions
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Revision as of 13:33, 8 January 2025
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Basically, the government recognizes that income earned abroad is taxed by the resident country, and always be excluded from taxable income via IRS when the proper forms are filled out. The source of the income salary paid for earned income has no bearing on whether end up being U.S. or foreign earned income, rather where the work or services are performed (as on the inside example associated with the employee doing work for the U.S. subsidiary abroad, and receiving his pay check from the parent U.S. company out for the U.S.).
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An argument that tips, in some or all cases, are not "compensation received for the performance of personal services" still might work. Nonetheless, if it did not, I'd expect the irs to assert this fee. This is why I put a warning label on top of this column. I don't want some unsuspecting server to get drawn in to a fight the affected individual can't afford to lose.
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