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…
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…
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