U.S. IRS Issues Revenue Procedure on the Waiver of Eligibility Requirements for the Foreign Income Exclusion Provided for Individuals Living Abroad
The U.S. IRS has issued Rev. Proc. 2019-15 concerning the foreign earned income exclusion for individuals who failed to meet the eligibility requirements because adverse conditions in a foreign country precluded the individual from meeting those requirements. The foreign earned income exclusion is provided for qualified individuals living/working abroad, subject to certain conditions. For 2018…
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