Illogical misdirection.Strong Eagle wrote:I'm not an IRS agent and I am not misleading anyone. Perhaps you need to do a bit more homework. The bona fide residence test clearly states that there are no specific tests to be met but that acts and intentions are examined. It also clearly states that if you have a long term residence outside the country for an indefinite period of time you meet the requirement. So, for people like me, with a company here, a residence here, and the intention to be here much longer, I qualify. It really doesn't matter how often I go to the US because I meet the bona fide residence requirements.maneo wrote:Are you an IRS agent?
You shouldn't be misleading people like that.
For someone on short term assignment, or of a known duration, this test may not apply. But how am I being misleading?
And say... aren't you the guy that has to rely on tax accountants?
I know my limitations.
Neither of you seem to know yours.
Yes, you are misleading people.
The bona fide residence test only indicates if one is eligible for the exclusion.
It has no bearing on how the computations are carried out.
For anyone that may actually believe what you just put forth, they should consult with the IRS expert through the consulate or check with a credible tax accountant.
Note: I would not consider H&R Block a credible tax accountant.
They may be OK for normal situations, but I would never let them handle a complex one.
Working for them would not consititute "unfair advantage."
Sophmoric overconfidence, maybe.
The fact that neither you cannot comprehend that the tax credit computation can be more complex tells me you are not the experts you believe yourselves to be. However, it should not matter. There are not enough IRS agents to audit everyone, so you will probably be able to go on your merry way without knowing any better.
As for the example you noted, yeah that's quite simple.
After all, you were able to explain it, so it must be.
No, my tax situation has been more complex, since my income comes in 4 different currencies with taxes paid in 2 foreign countries, IRAS keeps updating the tax computations for previous years, which needs to be accounted for in the Tax Credit form, I had multiple rental properties with 1031's, MACRS, SDB, caps on passive "losses", straddles and contracts and, yes, the wife goes to the US to do business almost every year.
Oh, so on the topic of how to execute the 2555 form properly it seems that I'm the one who has actual relevant experience here.
Again to any spectators, consult with the IRS expert through the consulate or check with a credible tax accountant for your situation.
You alone are responsible for your taxes.
If tax accountants in the US can never agree it should be no surprise that there will be disagreement amongst non-professional posters.