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Invincible? The irs extends special treatment to nobody. Famous movie star Wesley Snipes was arraigned with Failure organizing Tax Returns from 1999 through 2005. Did he get away with it also? No! Even with his fancy expensive lawyers, Wesley Snipes received the maximum penalty for not filing his tax returns - three years.

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In addition, an American living and dealing outside the usa (expat) may exclude from taxable income his or her income earned from work outside the usa. This exclusion is in two parts. Aid exclusion has limitations to USD 95,100 for your 2012 tax year, and to USD 97,600 for the 2013 tax year. These amounts are determined on a daily pro rata grounds for all days on which the expat qualifies for the exclusion. In addition, the expat may exclude the quantity he or she already paid for housing within a foreign country in an excessive amount 16% on the basic exemption. This housing exclusion is restricted to jurisdiction. For 2012, the housing exclusion may be the amount paid in excess of USD forty one.57 per day. For 2013, the amounts in excess of USD 40.78 per day may be excluded.

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