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hello Anthony weamp;#39;re here today to talk about tax and reporting requirements for US persons that may be living in Japan or maybe a Japanese person living in the United States there are very specific tax issues with different countries because of things like tax treaties in this case there is a tax treaty between the United States in Japan thatamp;#39;s right the purpose of the tax treaty is to avoid double taxation but that doesnamp;#39;t always happen because tax treaties can limit things out once you have to understand it is a u.s. person your income is taxed on a worldwide basis even if Japan is taxing it so you might have to pay double taxes but the good thing is is if you are living in Japan you are entitled to foreign income exclusion which can exempt up to $100,000 $100,000 of your income or you can be entitled to the full foreign tax credits for taxes paid so that youamp;#39;re not paying taxes twice ok letamp;#39;s talk about a couple of issues we can be there tell
