You know, don't push the button, don't push the button, don't push the button, and then some socko finish. I was pleasantly surprised by how the book bobs and weaves and is a lot more active and entertaining that just that. MILD SPOILER, so don't tell your four year old.
The late payment penalty applies to any portion of your federal tax that remains unpaid as of the due date, typically the tax filing date. The IRS imposes a failure-to-pay penalty of one half of one percent for each month or part of a month that the tax goes unpaid.
Which US taxes does the FEIE exempt? The Foreign Earned Income Exclusion exempts you from paying federal income tax. At todayâs rates, that is a savings of roughly $25,000 if you earn the full exclusion amount for a single filer and obviously much more for a married couple filing jointly.