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U.S. IRS Issues Revenue Procedure on Countries Qualifying for Foreign Income Exclusion Eligibility Waiver for 2021

|Approved Changes|United States
United States

The U.S. IRS has published Internal Revenue Bulletin 2022-13, which includes Rev. Proc. 2022-18 concerning the foreign earned income exclusion for individuals who failed to meet the eligibility requirements because adverse conditions in a foreign country precluded the individual from meeting those requirements. In this respect, an exception is provided so that an individual will be treated as…

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