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Congress finally acted on New Year's Day, passing the "fiscal cliff" law. This law extended the existing tax rate structure for single taxpayers with taxable income of reduce USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For having higher incomes, the top tax rate was increased to 40.6% These limits are determined before the foreign earned income omission transfer pricing .

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Bottom Line: The IRS doesn't are concerned about your social status. The irs only cares about one thing- getting dollars. You may have dodged the irs for now, but similar to they overly enthusiastic to Wesley Snipes- they'll catch equal to you. Please feel free in settling your Tax Debts!

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