I am currently working in Shanghai, China for 6 months. I will bring home $20,000. Any tips for tax a break?
What are the tax consequences for income overseas? I will not be filing in China but want to know about the U.S. I know that up to $84,000 dollars in foreign income can be tax free if you stay over one year but I will only be here 6 months. Any help would be appreciated.
Is it a Chinese company or a USA company? If USA, you have to report, if Chinese Company, Convert to RMB and let it sit in the Bank of China.. You’ll be thanking your self in three years..