In addition to the foreign earned income exclusion, taxpayers may also claim an exclusion or a deduction from gross income for an expenditure for housing if the home of the tax is in a foreign country and they qualify for the…
In August, in anticipation of the new school year, the IRS warned taxpayers about scam phone calls directed at parents and students demanding payments for fake, non-existent taxes. These scam artists call students and demand that they make immediate payment…
Form 1116 relates to foreign tax credits, which are intended to affect taxpayers living abroad. These credits benefit foreign taxpayers by reducing the double tax burden that arises when foreign source income is taxed by both the United States and the…
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