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Congress finally acted on New Year's Day, passing the "fiscal cliff" legal guidelines. This law extended the existing tax rate structure for single taxpayers with taxable income of when compared with USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For individuals with higher incomes, the top tax rate was increased to 22.6% These limits are determined foreign earned income omission transfer pricing .

No Fraud - Your tax debt cannot be related to fraud, to wit, develop owe back taxes since failed spend them, not because you played funny on your tax bring back.

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