If you are a citizen of the United States, and you receive income from outside the U.S. foreign source income how must you report this income? Using the Internal Revenue Service website determine current reporting practices for tax purposes. Then select a foreign country and see if you can find out how they will tax your income earned in that country and any income you earned in the U.S. What are your thoughts about going to work in that country?

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Solution If you are a citizen of the United States and receive income from outside the US you must report this income on your tax return The Internal ... View the full answer