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Old 02-12-2013 | 03:14 PM
  #69  
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The Dominican
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Joined: Dec 2007
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From: 747 captain
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Originally Posted by prat985
Remember if you spend 1 day in the states a year you will pay income tax in the states plus income tax in Panama.
This is a perfect example as to why people should NOT take information on taxes from any of these pilot sites, make sure that you talk to a tax professional that works with foreign based income and educate yourself as to how the taxes for foreign income, the non-double taxation agreements and the foreign residency tests work.

This is too important of an issue to make assumptions, get the facts from a professional
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