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I have american passport and i'm planing to move on Monaco

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as monaco rezident fiscal and...
I have american passport and i'm planing to move on Monaco as monaco rezident fiscal and i want to open restaurant there i have too pay taxes on to american
Submitted: 2 years ago.Category: Tax
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Answered in 21 minutes by:
6/23/2015
Tax Professional: Barbara, Enrolled Agent replied 2 years ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 4,042
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
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If you are a U.S. citizen or resident for tax purposes, you are required to report and pay tax on your worldwide income. If you are NOT a U.S. citizen or resident for tax purposes, you are required to report and pay tax on U.S. sourced income only.Please let me know if you require further information or clarification.Thank you and best regards,Barb
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Tax Professional: Barbara, Enrolled Agent replied 2 years ago
At my end, it shows you are now offline. If you have any other questions, please post them here at your convenience, and I will be happy to assist you. If not, please take a moment to rate my answer since that is the only way I receive credit for answering you and alerts Just Answer to compensate me.
Best regards,
Barb
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