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Posts
45
Comments
5,048
Joined
2 yr. ago

  • those are real? Kanye explicitly said he's a Nazi and he turned down make a wish kids?

    I've never used Twitter and don't know enough to tell the real tweet from a not real tweet.

    oh, yep, the New York times wrote about them and that shit is real.

    https://archive.is/S30Ck

  • 100% an astrology daughter. like a third of everybody believe in astrology anyway, so she'll receive plenty of support from her peers.

    nft son is just going to... I mean, that doesn't end well.

  • i can clarify and correct those points for you up here as well

    the max excluded income is variable, so this year it'll be $126,500. the cap is regulated by the irs and goes up each year.

    the FEIE(foreign earned income exclusion) form is form 2555, which you fill out with your regular taxes. it's a very simple couple of pages that you fill in the blanks with the dates you were out of the country and your total earned income for the year, usually takes me fifteen minutes.

    the declaration of foreign investment you mentioned is called the FBAR, an online form that takes less than a minute to fill out If you have more than 10,000 invested overseas.

    If you have more than 10,000 USD invested overseas, you have to annually declare how much and which financial institutions your savings are in via the FBAR.

    as long as you take the 10 to 15 minutes to fill out the FEIE, you won't have any problems with the IRS excluding earned income.

  • Yes, reporting foreign income and paying taxes is exactly what keeps the US from seizing and freezing accounts.

    you said you don't want to avoid paying taxes.

    If you report your accounts and investment income and pay taxes, then you're in no danger of the US government seizing or freezing your accounts.

  • you can avoid paying earned income taxes altogether by living outside of the US for more than 330 days out of the fiscal year.

    this is called foreign earned income exclusion.

    investment income is different; investment income is not excluded by the FEIE, only earned income, so you wouldn't be able to avoid paying investment income tax to the US unless you immigrated to to another country.