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Anyone have details on this?

2007-04-22 17:27:48 · 2 answers · asked by cheeeehooooo 1 in Business & Finance Taxes United States

2 answers

To claim the Foreign Earned Income Exclusion you must either meet the bona fide residence test or the physical presence test.

You meet the bona fide residence test if you are a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year.

You meet the physical presence test if you are physically present in a foreign country or countries for at least 330 full days of any period of 12 consecutive months. Note that time spend in transit upon or over international waters does NOT count towards the 330 days for the physical presence test.

See IRS Pub 54 for all of the details on tax treatments for US citizens and residents living outside of the US. Here's a link: http://www.irs.gov/pub/irs-pdf/p54.pdf

2007-04-22 23:33:19 · answer #1 · answered by Bostonian In MO 7 · 0 0

They nonetheless have representation. Even whilst living overseas, they nonetheless have a criminal residency interior the U. S. if no longer a actual one. and not all US citizense living overseas are taxed. they are taxed on the money earned from the U. S.. for occasion, when I labored overseas, i exchange into nonetheless paid by employing my business company lower back interior the U. S.. different US voters labored directly for the business company in THAT u . s ., and weren't taxed.

2016-10-13 06:05:28 · answer #2 · answered by ? 4 · 0 0

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