More On The List…

Next on the list of positions not to take on your individual income tax return as determined by IRS:

5.  United States citizens and residents are not subject to tax on their wages or  other income derived from sources within the United States, as only foreign- based income or income received by nonresident aliens and foreign  corporations from sources within the United States is taxable, and similar  arguments described as frivolous in Rev. Rul. 2004-30, 2004-1 C.B. 622.

Psst, remember:  This is a list of positions NOT to take!!

Facebooktwitterlinkedinmail

Similar Posts