Foreign Income Exclusion

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  • Brian EA
    Senior Member
    • Dec 2005
    • 786
    #1

    Foreign Income Exclusion

    Client has been claiming Foreign Income Exclusion for several years. He has a business overseas. This year he earned commission from a US Company and received a 1099MISC for $5000
    Should he pay SE tax on this income or include it as a part of his exclusion/
    Everybody should pay his income tax with a smile. I tried it, but they wanted cash
    Tags: None
    • Lion
      Senior Member
      • Jun 2005
      • 4702
      #2
      Isn't the exclusion for income tax only and not SE tax? Also, for foreign income only, or did he earn it working overseas for a US company?

        Comment

        • Brian EA
          Senior Member
          • Dec 2005
          • 786
          #3
          Taxpayer earned the income (commission) for the US company while living overseas.
          Everybody should pay his income tax with a smile. I tried it, but they wanted cash

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