itonewbie
Level 15
02-15-2021
02:02 PM
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If there's no income other than what's been excluded under §911 or that the sum of other income does not exceed your client's adjustments/deductions, there'd be no income tax liability -- unless, of course, your client has other liabilities such as SE-tax, additional medicare tax, NIIT, §965 installment, §951A GILTI, etc.
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Still an AllStar
Still an AllStar