Where to Report Foreign Earned Income on Your Us Tax Return?

Are where to Report Foreign Earned Income on Your Us Tax Return a question on your mind? Find out expert analysis in our feature story.

You can use the IRS’s Interactive Tax Assistant tool to help determine whether income earned in a foreign country is eligible to be excluded from income reported on your U.S. federal income tax return. If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income.

Who is required to have foreign earned income?

You must have foreign-earned income. A U.S. citizen who is a bona fide resident of a foreign country for an entire tax year A U.S. resident alien who is a citizen or national of a country with which the United States has an income tax treaty in effect and who is a bona fide resident of a foreign country for an entire tax year, or

How can I get a foreign income tax credit?

If you hire an accountant or a tax lawyer to calculate your taxes, he or she will undoubtedly apply for the Foreign Income Tax Credit on your tax return. Some tax preparation software programs also include provisions to calculate the Foreign Income Tax Credit, if applicable.