In case you are one of the different US citizens working and living outside of the US, you may have some anxiety about tax season. Living abroad means that you're subject to 2 sets of laws & 2 sets of tax codes. To avoid paying taxes on similar income twice, you could claim the Foreign Earned Income Exclusion on your US taxes. It is a bulk exclusion that might help tremendously if you qualify for this. Even semi-permanent works may still qualify you for the exclusion. You must be capable to prove that you have been living abroad for a certain period of time to qualify. http://www.vilago21.com/event/Things+you+did+not+know+about+the+foreign+earned+income+exclusion/404399/profile

Foreign Earned Income Exclusion is for US people or US resident aliens whose home country has an established tax treaty with the US. You should have been living abroad for 330 days out of a twelve month duration. Little consideration is given to your objectives and also the duration of time you expect to be in a country. You must apply for exclusion by filling out IRS tax form 2555. Once it is filed, each case may be considered individually. The IRS would consider your problem mostly dependent on your answers on the form.http://vincentcochr1230.posterous.com/all-you-need-to-know-about-the-foreign-earned-54597

Once you've qualified for the exclusion you should either file your taxes by the due date or even file an amended return. Amended returns may be filed two to three years after the original was filed. When your taxes are filed with the Foreign Earned Income Exclusion, the IRS statute of restrictions is moved to three years unless there's evidence of fraud. As of 2010, the highest exclusion was $91,500 for a personal. In case your spouse also qualifies for the exclusion, after that the amount doubles.http://www.iamsport.org/pg/blog/vincentcochr1230/read/2337459/all-you-need-to-know-about-the-foreign-earned-income-exclusion

Qualifying for the Foreign Earned income Exclusion requires either the bona fide residence test or the physical presence test. The bona fide test requires that you prove that you have residing in a foreign country for at least one full tax year. The physical presence test requires that you live in a country for 330 days in the twelve month period. That is regardless of the tax year and starts the day after you move into your home in the foreign country. Travel outside the country must be limited to 35 days. Any your residence in the country should be of a permanent nature, no touring about the country or staying in not permanent residences.