U.S. IRS Releases Practice Unit on Foreign Earned Income Exclusion for Individuals
The U.S. IRS has released an international practice unit, Foreign Earned Income for Purposes of IRC 911, which concerns exclusions from gross income for citizens or residents of the U.S. living abroad. The general overview of the practice unit is as follows:
The United States taxes it’s citizens and resident aliens on their worldwide income regardless of where they live or work. Qualifying in…
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