Declaring Back Taxes Owed From Foreign Funds In Offshore Banks

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Congress finally acted on New Year's Day, passing the "fiscal cliff" laws. This law extended the existing tax rate structure for single taxpayers with taxable income of reduce USD 400,000, bokep and married taxpayers with taxable income of less than USD 450,000. For individuals with higher incomes, memek the top tax rate was increased to 40.6% These limits are determined prior to the foreign earned income different.

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