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03 - Buying a Business Making a Business Investment or Acquisition
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  #1  
Old 11-25-2007, 10:27 PM
poophodymmela poophodymmela is offline
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Default double taxes

Hi friends, do you know, if you are a permanently resident in the America and sell a property in the country, you have to pay double taxes which is treated by the American government and pay the capital gains on the property in the country that is located how is that treated by the IRS. Is there any meaning of double taxation? I think some potential problems could arise from such situation. What is your opinion?
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  #2  
Old 12-17-2007, 05:12 PM
OldJack
 
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The USA has treaties with other countries that determine if the USA taxes the income or the other country taxes the income. In other cases the tax paid the foreign country is allowed as a credit/deduction for the USA taxes.

The Assistant Commissioner's office has the tax treaties. Try this link:

http://taxtopics.net/foreign.htm
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  #3  
Old 12-03-2009, 04:40 AM
Egbert Egbert is offline
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I am totally agree with Mr.OldJack.

i think he provided us some useful information here.
So,
Follow according to him.

You also take help from me . You also can asked questions frequently.

Thanks


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