Released Foreign Earned Income Exclusion: Avoiding IRS Audits of Form 2555 read online

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Description : Americans living abroad can reduce their income taxes by up to $21,000 by excluding foreign income. 50% of foreign filers claim this exclusion. While other tax books merely describe this tax break, this book, Foreign Earned Income Exclusion, digs deeper showing you how to avoid audits, so you can sleep better at night. This unique, definitive resource provides you with the complete legal information to get the biggest tax breaks. Donnelly shows:
•66 audit risks to avoid when completing the form 2555
•27 checkpoints to defend your foreign tax home claim
•The 19 types of foreign earned income to maximize your savings
•How to legally avoid the stiff self-employment tax when working overseas
•How the IRS can get foreign tax authorities to disclose information about you
•Learn how a United Nations treaty redraws the world map used by this exclusion
•3 strategies for picking the twelve-month test window
•Two other strategies that can save even more money than the foreign earned income exclusion
•Learn from 300 tax court cases excerpts showing how the law is applied to real people
•Plus, the complete text of the tax law and regulations on this exclusion
This is one of those rare books that pays for itself many times over by helping you save thousands of dollars every year, legally.

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