Okay, so to get some energy for this next video, I had to take a white chocolate and cheddar savory cookie, a cranberry and jam swirl oatmeal cookie, and a peanut butter and marshmallow cookie with a big bottle of milk to give me energy to finish this one. Okay, so here we go. So, I'm coming to there in the Century City LA and Manila. So, I take some of those cookies and enough to get some energy to talk to you guys tonight. So, anyway, let's get started. So, the topic tonight is 25:55 and the expat exclusion. Should I just use foreign tax paid, which I always call it 11:16 without the like I said in the last video on 2555? All expats know they can make they can use an explosion of some sort and they're usually not sure about how much, but it's always around a hundred thousand uses. They know that what most expats don't know is that you don't really have to use the exclusion at all. You can actually let the tax return just calculate as if you're still in the United States and come up with the tax that you owe and use the foreign tax paid in your country of residence to pay the bill. If you're in a high tax country, it will provide you some more benefit actually because if China's tax rate is 45%, very quickly at a very low income level, and you pay full tax in China, then you're gonna end up covering your US tax bill way more than you need to because the tax rate you're probably in is 28% or so in America. So the Chinese tax that you've already paid would cover the tax due and your US tax return and...
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Video instructions and help with filling out and completing Fill Form 8854 Expat
