Tax equalization plans require a U.S.citizen working in another country to pay the same amount of taxes he/she would pay if he/she were working in the U.S.

Question

Quizplus · Accepted Answer

Tax equalization plans aim to ensure that U.S. citizens working abroad pay the same amount of taxes as they would if they were working in the U.S. This is done by calculating the U.S. tax liability of the individual and then providing them with either a tax equalization payment or reimbursement of the excess taxes paid in the foreign country.

Tax Equalization Plans Require a U