Question

"helen is a u.s. citizen and cpa, who moved to london, england three years ago to work for a british company. this year, she spent the entire year in london and earned a salary of $110,000. how much of her salary will she be allowed to exclude from gross income in the u.s.?"

Answer 1

Answer:

Exclusion upto  $103,900. Taxable amount is $6100.

Explanation:

US natives, just as changeless occupants, are required to document ostracize expense forms with the government consistently paying little mind to where they dwell.

Alongside the common assessment form for money, numerous individuals are likewise required to present an arrival revealing resources which are held in ledgers in remote nations. Notwithstanding where you live, you should record expat imposes in the US.