What Is the Bona Fide Residence Test? | FEIE Qualification for US Expats скачать в хорошем качестве

What Is the Bona Fide Residence Test? | FEIE Qualification for US Expats

Want to claim the Foreign Earned Income Exclusion (FEIE) as a US expat? The Bona Fide Residence Test is one way to qualify — but it's more subjective than it sounds. In this video, we cover: 🌍 What the Bona Fide Residence Test is and how it differs from the Physical Presence Test 📆 Why you must live abroad for a full calendar year (Jan 1 to Dec 31) 🧠 How your intent to live permanently or indefinitely abroad matters 🚨 Why spending too much time in the US may disqualify you 📝 What documentation and extensions (like Form 2350) you might need 💡 Why passing this test may allow you to exclude foreign income from the moment you move 📌 Key takeaway: You only need to pass one test — Physical Presence or Bona Fide Residence — to qualify for FEIE. If you plan to live abroad long-term, this test could be your best option. 📘 Learn more: https://www.greenbacktaxservices.com/... 💬 Drop your questions in the comments — and subscribe for more US expat tax tips. 🔷 Website: https://www.greenbacktaxservices.com/ 🔷 Check out our Transparent Flat-fee Pricing: https://www.greenbacktaxservices.com/... Disclaimer: This video is for informational purposes only and does not constitute tax, legal, or accounting advice. The information provided may not apply to your specific situation, and tax laws and regulations change frequently. For advice specific to your circumstances, please consult with a qualified tax professional.