This book is for preparing 2021 taxes.If you have a client who works and receives income from another country, you must be careful of double taxation, meaning paying taxes twice on the same source of earned income. This comprehensive textbook explores the tax implications of working abroad and introduces the forms needed to file the taxpayer’s return. To mitigate potential double taxation, §911 provides a foreign earned income exclusion and a foreign housing deduction or exclusion to qualifying taxpayers. Form 2555, Foreign Earned Income, calculates these exclusions. This book will help you prepare forms for the Form 1040.
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Item Number: 21361
Level: Basic
Authors: NATP Staff
Published: 2021
Format: Print - 74 Pages
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