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If you can sign within the company account, even in case you are a minority shareholder, there’s more than $10,000 for it and you don’t report it to the U.S., it’s also a felony and is prima facie anjing. And funds laundering. Julie’s total exclusion is $94,079. On the American expat tax return she also gets to claim a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative.
She owes no U.S. irs. Defenders belonging to the IRS position would say it returns to Section 61.
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