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The old adage is crime doesn't pay, but one certainly can wonder sometimes about the truth of it given the number of politicians that frequently be counterfeiters! Regardless, the fact are usually making money from a crime doesn't mean you don't have to pay taxes. That's right. The IRS wants its unfair share of your ill gotten gains!

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Julie's total exclusion is $94,079. To be with her American expat tax return she also gets to claim a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. fiscal.

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