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"Other Income" in IR8A for US IRS... (Fringe Benefit).

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PNGMK
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"Other Income" in IR8A for US IRS... (Fringe Benefit).

Postby PNGMK » Sun, 02 Apr 2017 10:24 am

SO receive 'other income' on IR8A (school fee subsidy for our daughter). Appears to be a 'fringe benefit' in US tax code. Presumably needs to be declared as 'income' - but does it fall under 'foreign earned income exclusion'?
I have gay, black, Asian friends and then JR8.

earthfriendly
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Re: "Other Income" in IR8A for US IRS... (Fringe Benefit).

Postby earthfriendly » Sun, 02 Apr 2017 10:46 am

Try posting your question on this FB page. Owner of the site is a tax preparer who does returns for expatriates. I can't vouch for his work as I have never used his service.

https://www.facebook.com/groups/952367774780623/

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Re: "Other Income" in IR8A for US IRS... (Fringe Benefit).

Postby sundaymorningstaple » Sun, 02 Apr 2017 7:56 pm

PNGMK wrote:SO receive 'other income' on IR8A (school fee subsidy for our daughter). Appears to be a 'fringe benefit' in US tax code. Presumably needs to be declared as 'income' - but does it fall under 'foreign earned income exclusion'?


Yes.

from the instructions for form 2555 (Foreign Earned Income Exclusion)
https://www.irs.gov/pub/irs-pdf/i2555.pdf
Foreign earned income for this purpose means wages, salaries, professional fees, and other compensation received for personal services you performed in a foreign country during the period for which you meet the tax home test and either the bona fide residence test or the physical presence test. It also includes noncash income (such as a home or car) and allowances or reimbursements.

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PNGMK
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Re: "Other Income" in IR8A for US IRS... (Fringe Benefit).

Postby PNGMK » Sun, 02 Apr 2017 9:04 pm

Thanks - idiots at my wife's school told her otherwise ("you don't have to declare it"). Bloody unqualified idiots hired because they have connections...even I, a dumb oil field guy with a very old Australian biz degree went "Oooh really?"... Oh of course they don't want to declare it when they have FOUR kids because it will push them over the FEIE!
I have gay, black, Asian friends and then JR8.


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