markthompson - 7-20-2015 at 03:22 PM
I am a full time resident of Mexico for many yrs now. I am an architect designing and doing plans for US based contractors and and other architects
within the US. All of the work I do is for jobs in the US. I am paid by the various contractors and architects directly into my US bank account. I do
not and do not have a need to visit any clients or work in the US. All of my design work is done from my home in Mexico. Is there a chance I can
qualify for the foreign earned income exclusion.
Thank you.
healthdetective - 7-20-2015 at 03:32 PM
From the Infernal Revenue's website
Foreign Earned Income Exclusion - Requirements
To claim the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction, you must have foreign earned income,
your tax home must be in a foreign country, and you must be one of the following:
A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes 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 or countries for an uninterrupted period that includes an entire tax year, or
A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12
consecutive months.
Changes in the Foreign Earned Income Exclusion
The maximum amount of the Foreign Earned Income Exclusion under Internal Revenue Code (IRC) section 911 is indexed to inflation ($91,500 for 2010,
$92,900 for 2011, $95,100 for 2012, $97,600 for 2013).
ZipLine - 7-20-2015 at 04:55 PM
Short answer, probably yes. My USA CPA says yes. I do a different kind of work, but yes it is online for clients outside Mexico who pay into accounts
in the USA.
I would certainly file the 2555 and get yourself a good USA CPA. U2U me if you need one. Mine is pretty good.