OrbitaxU.S. IRS Issues Revenue Procedure on Countries Qualifying for Foreign Income Exclusion Eligibility Waiver for 2025
|Approved Changes|United States
The U.S. IRS has issued Revenue Procedure 2026-16, which is scheduled to be formally published in Internal Revenue Bulletin 2026-13 on 23 March 2026 (IRB website). The Revenue Procedure concerns 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 requirem…