American Citizens Abroad Explains Nonresident Citizens Tax Bill

American Citizens Abroad Explains Nonresident Citizens Tax Bill

American Citizens Abroad Inc.

The Tax Fairness for Americans Abroad Act of 2018 (H.R. 7358) would enact a new tax code section under which qualified nonresident citizens wouldn’t be taxed on foreign-source income while they live abroad but would remain subject to tax on U.S.-source income, Americans Citizens Abroad said in a January 7 report.

The Tax Fairness for Americans Abroad Act of 2018 (H.R. 7358) would enact a new tax code section under which qualified nonresident citizens wouldn’t be taxed on foreign-source income while they live abroad but would remain subject to tax on U.S.-source income, Americans Citizens Abroad said in a January 7 report.

The Tax Fairness for Americans Abroad Act of 2018 (<a href="/lr/resolve/-/28q3r" title=" ">H.R. 7358</a>) would enact a new tax code section under which qualified nonresident citizens wouldn’t be taxed on foreign-source income while they live abroad but would remain subject to tax on U.S.-source income, Americans Citizens Abroad said in a January 7 report.