U.S. IRS Publishes Practice Units on Disposition of a U.S. Real Property Interest and the Foreign Earned Income Exclusion and Foreign Housing Deduction for Individuals
The U.S. IRS recently published three international practice units, including:
- Taxation on the Disposition of a U.S. real property interest (USRPI) by Foreign Persons (23 Aug 2016), which covers the treatment of gains or losses, the applicable withholding tax, and possible reduction of withholding tax;
- Calculating Foreign Earned Income Exclusion (FEIE) – Partner in a Partnership with Foreign…