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U.S. IRS Issues Revenue Procedure on Countries Qualifying for Foreign Income Exclusion Eligibility Waiver for 2024

|Approved Changes|United States
United States

The U.S. IRS has issued Revenue Procedure 2025-17, which is scheduled to be formally published in Internal Revenue Bulletin 2025-13 on 14 March 2025. The Revenue Procedure concerns 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. In this …

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