If you otherwise report all of your gross foreign income and taxes on a payee statement. If you determine to exempt yourself from the foreign tax credit limit for the year. Which exchange rate should be used to pay foreign taxes? Australian exchange rate for tax purposes ...
“Americans living in Cambodia are required to file a US tax return each year. The US taxes its citizens on worldwide income, so any income you earn in Cambodia is subject to US taxes. Fortunately, those that qualify as a resident of another country (through the Physical Presence test or ...