[Asterisk-biz] Voip startup regulations question

[alex at pilosoft.com]

On Tue, 30 Aug 2005, Michael Welter wrote:

> > The best solution is to leave the US until the government fixes things
> > (yeah right).  If you live out of the US for 10-11 months (dpeending
> > on which program) as a US citizen you no longer have tax liability,
> > and can then work on no regulations of any kind.
> 
> Sadly, you are mistaken.  The US is one of two countries that tax its
> citizen's income world-wide.  While living in London, my tax returns
> were a full tweo inches thick because of US/UK tax law.
> 
> If you doubt this then I suggest you speak with a tax advisor at Earnst
> & Young.
It is not black and white. You can exempt up to 80k of foreign-earned
income from US taxes, but you are taxed on the rest. You may also qualify
for some relief based on treaties (if you pay X$ in taxes to a treaty
country, you may get IRS to give you credit for ~X$).

http://www.irs.gov/businesses/small/international/article/0,,id=97324,00.html
http://www.irs.gov/publications/p54/index.html

-alex