
217| How to Save Thousands in US Federal Taxes Using Geo-arbitrage | David McKeegan
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How Does the Foreign Tax Credit Work on the US Tax Return?
Jonathan Wagan: Can you talk the audience through how this would work on your us. Tax return? Why don't we look at two different scenarios? The first one will say a somebody moves over to the middle east as an oil contractor, and they're not paying any local tax on that money. So it's just, ok, i've got t file my usTax return. I made again, this 200 thousand dollars. What would that look like on the us? Tax return? It could be 330 days inside a foreign country. If they meet the physical presence test, if they're inside,. That's the key point you have to remember, it's not 330 days outside th
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