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For a US citizen newly resident in France, who will have to pay US taxes first and then French taxes on the remainder, how would I calculate my revenu fiscal de référence? Would it be:
1. My net taxable income after deductions
OR
2. The portion of my net taxable income subject to French taxation (i.e., after the IRS have taken their bite)?
I gravely fear it's #1!
(And yes, I'm off to talk to the Impots here in the next couple of days, and have a Paris-based tax firm doing both my US and French tax returns next year, but I'm hoping someone can put me out of my suspense!)
1. My net taxable income after deductions
OR
2. The portion of my net taxable income subject to French taxation (i.e., after the IRS have taken their bite)?
I gravely fear it's #1!
(And yes, I'm off to talk to the Impots here in the next couple of days, and have a Paris-based tax firm doing both my US and French tax returns next year, but I'm hoping someone can put me out of my suspense!)