Chile Forum

Dagny wrote:
Will we know our fate tonight?? (3/21/2101.... a day that could live in infamy....)

let me revise that... after looking at drudge

A Day that will live in INFIRMARY

I read that on a website a week or so ago that detailed things. Wish I had the link now, but will look for it again.

Dagny:

"To qualify for the foreign earned income and housing cost exclusions, the individual must have foreign earned income, his or her tax home must be in a foreign country, and he or she must meet either of two tests:
The bona fide residence test, which requires the taxpayer to be a bona fide resident of a foreign country or countries for an uninterrupted period that includes a full tax year, or
The physical presence test, which requires the individual to be present in a foreign country or countries at least 330 full days during a period of 12 consecutive months."

SOURCE: http://definitions.uslegal.com/e/expatriate/

FYI, Chile does has not signed a Tax Treaty with the U.S.A.:

SOURCE: http://www.irs.gov/businesses/internati ... 39,00.html

And, who Is John Galt?

- Logan

LogdeC wrote:
FYI, Chile does has not signed a Tax Treaty with the U.S.A.:

I'm pretty sure they have signed the treaty....

http://www.ustreas.gov/press/releases/tg536.htm

February 4, 2010
TG-536

U.S., Chile Sign Income Tax Treaty

WASHINGTON – In a ceremony at the U.S. Department of the Treasury today, Treasury Secretary Tim Geithner and Chilean Finance Minister Andrés Velasco signed a new income tax treaty between the United States and Chile that would provide certainty and stability of tax treatment for U.S. and Chilean cross-border investors.

Plus - Charles had a copy of it posted on here -- forum search - it will pop up --

Pan American's post is completely erroneous as applied to individuals who are citizens or permanent residents of the US. It can apply to corporations in certain circumstances. I am a tax attorney and know whereof I speak, at least when it comes to tax matters. I have not been following foreign earned income exclusion, too busy on other matters.

John Hyre