Foreign Housing Exclusions & Deductions Archives - FREE Yourself from IRS Problems

Shamsey Oloko January 13, 2025 Bank Accounts, Business Tax Credits, FATCA, FBAR, Foreign Earned Income, Foreign Financial Account, Foreign Housing Exclusions & Deductions, Foreign Tax Credit, Form 1040, Income, Income Tax, Income Tax Return, Taxable Income 0

Top Compliance Mistakes Offshore Account Holders Make and How to Avoid Them

Holding accounts in foreign banks can bring certain benefits, but it can also require close attention to tax rules in the United States. If you do not follow these rules, you may face trouble from the IRS. Many people with…

Shamsey Oloko March 1, 2017 FATCA, FBAR, Foreign Earned Income, Foreign Financial Account, Foreign Housing Exclusions & Deductions, Foreign Tax Credit, Tax Evasion, Tax Information Exchange Agreement 0

Moving To Canada? Here Are Your Tax Consequences

After the presidential election, some citizens planned on renouncing their citizenship and moving abroad to Canada, or elsewhere. It would be interesting to survey those who stated this proposition to see if they followed through on their promise (or threat).…

Shamsey Oloko November 11, 2016 FATCA, FBAR, Foreign Earned Income, Foreign Housing Exclusions & Deductions 0

What Is Foreign Earned Income Under The Tax Code?

IRC § 911(b)(1)(A) provides the definition of “foreign income.” For tax purposes, this provision is important because If certain requirements are met, a taxpayer may qualify for the foreign earned income, foreign housing exclusions and the foreign housing deduction. Under certain…