Foreign Bank Accounts, Offshore Bank Accounts, Irs And 5 Year Prison Term
213.00 ₦
Published date: 02/05/2025
- Location: Ox15 0te, Newfoundland and Labrador, Nigeria
There is much confusion about what constitutes foreign earned income with respect to the residency location, the location where the work or service is performed, and the source of the salary or fee pay out. Foreign residency or extended periods abroad for the tax payer is a qualification to avoid double taxation.
But what's going to happen within the event you simply happen to forget to report within your tax return the dividend income you received from the investment at ABC high street bank? I'll tell you what the internal revenue men and women will think. The interior Revenue office (from now onwards, "the taxman") might misconstrue your innocent omission as a Xnxx, and slap families. very hard.
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