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Showing posts with label form 2555. Show all posts
Showing posts with label form 2555. Show all posts
January 18, 2017

Situations Where Foreign you Income Expat Exclusion Will NOT WORK!

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If you think on form 2555 you eligible for the foreign earned income exclusion under the physical presence test, don't be so certain. Re...
January 30, 2014

Qualifying for the Foreign Earned Income Exclusion Physical Presence - When You Have Foreign Residence or Tax Domicile

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The IRS can cause you problems if you claim a foreign residence for the Physical Present Test when attempting to use the  foreign earned i...
May 7, 2013

IRS Announces 2013 Foreign Earned Income Exclusion Amount and Foreign Housing exclusion amounts

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The maximum foreign earned income exclusion that can be claimed for 2013 is $97,600. Remember if both you and your spouse live abroad and b...
March 18, 2013

International Flight Attendants & Pilots Use of Foreign Earned Income Exclusion is Limited

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The Tax Court has held that an international flight attendant  (this ruling would apply to pilots also) could not use the foreign earned ...
March 3, 2013

Everything You Wanted to Know about the Foreign Earned Income Exclusion (IRS Form 2555)

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One of the best tax benefits in the tax code is the foreign earned income exclusion.  If you live abroad in a no tax or low tax jurisdict...
February 16, 2013

An Overlooked Expat Deduction? - The Foreign housing exclusion or deduction.

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In addition to the  foreign earned income exclusion , you can also claim an exclusion or a deduction from gross income for your housing...
October 29, 2012

IRS INFLATION ADJUSTMENT - DEDUCTION INCREASES FOR 2013

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The foreign earned income exclusion will go from $95,100 to $97,600 for 2013.  Remember if both spouses work they can each claim up to t...
February 18, 2012

IRS Exempts 4 countries from Foreign Earned Income Exclusion Rules Time Requirements

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The IRS has exempted expats living in Libya, Yeman, Egypt and Syria from certain time requirements under the Foreign Earned Income Exclusio...
August 31, 2011

2011 Foreign Earned Income Exclusion Increases

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For 2011, the foreign earned income exclusion for wages earned while working  and living abroad will be $92,900.  That is a $1,400 increa...