Foreign Earned Income Exclusion? Not so fast...
This is an issue that seems to be popping up more and more. Taxpayers take a job outside the US and spend the majority of their time living there. Now whether they qualify to claim the foreign earned income exclusion (FEIE) depends on a number of things, and certain tests have to be met. 1) Physical presence test. You need to be outside the US for 330 out of any 365 day period. Its not as simple as that depending on travel and where you physically are, but thats a require