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1464100
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Legal
Re: The legality of sending money abroad using bitcoin - am I doing something wrong?
by
BellaBitBit
on
18/05/2016, 22:42:29 UTC
Quote from: Syke on May 15, 2016, 06:09:21 PM
Quote from: AlexGambaryan on May 07, 2016, 11:06:29 AM
I was told that usually one cannot be taxed twice on the same income. So I assume I am in the clear. Is this correct?
No, the US loves to double-tax foreign income. Fortunately, there are exemptions.
https://www.irs.gov/Individuals/International-Taxpayers/Foreign-Earned-Income-Exclusion
I second this. I know there are cases of double tax for foreign income. It is good you are paying locally already but check out the IRS laws for sure.