Tuesday, 10 January 2017 18:00

Physical Presence Test

The physical presence test is one of two tests that can be used to qualify for the Foreign Earned Income Exclusion.  The physical presence residence test is the easier threshold, but does require tracking of days in U.S.  You meet the physical presence test if you are physically present in a foreign country or countries 330 full days during a period of 12 consecutive months. The 330 qualifying days do not have to be consecutive. The physical presence test applies to both U.S. citizens and U.S. resident aliens.

Tuesday, 10 January 2017 18:00

Bona Fide Residence Test

The bona fide residence test is one of two tests that can be used to qualify for the Foreign Earned Income Exclusion.  The bona fide residence test is a higher standard to acheive than the physical presence test, but does not require tracking of days in U.S.  You meet the bona fide residence test if you are a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year. However, you do not automatically acquire bona fide resident status merely by living in a foreign country or countries for 1 year. 

If we treat people with kindness and respect, and attend to their needs with expertise and integrity, we will receive the highest compliment we can be given, our clients referrals.

Contact Info

  P.O. Box 1278
Columbus, Texas 78934

 +1 (346) 231-1195

 +1 (346) 231-1194

This email address is being protected from spambots. You need JavaScript enabled to view it.