US Source Income & Non-US Source Income – What You Must Know!

Do you know how the IRS decides what income is taxable in the U.S.? US Source Income and Non-US Source Income are taxed differently, and understanding the difference can help you avoid tax mistakes!

Here’s the difference:

✔ US Source Income – This includes income earned within the U.S., such as wages from a U.S. job, rent from U.S. property, or business income from U.S. clients. The IRS generally taxes this income.
✔ Non-US Source Income – This is income earned outside the U.S., like wages from a foreign employer, rental income from a property in another country, or sales made outside the U.S. Different tax rules apply based on residency and tax treaties.

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Видео US Source Income & Non-US Source Income – What You Must Know! канала Startup Consultancy