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B) Interest earned, nonetheless paid, during a bond year, must be accrued after the bond year and reported as taxable income for the calendar year in that the bond year ends.
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Basic requirements: To qualify for the foreign earned income exclusion to buy a particular day, the American expat possess a tax home in a or more foreign countries for day time. The expat really should meet probably two checks. He or she must either be a bona fide resident on the foreign country for an occasion that includes the particular day and a full tax year, or must be outside the U.S. for any 330 virtually any consecutive 365 days that are often the particular big day. This test must be met each day for the purpose the $250.68 per day is claimed. Failing to meet one test or even the other for the day translates that day's $250.68 does not count.
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