A-2014-28: This announcement updates the list of waiver countries for tax year 2013 provided in Rev. Proc. 2014-25.
Internal Revenue Service (IRS) sent this bulletin at 07/30/2014 02:06 PM EDT
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Issue Number: A-2014-28Inside This IssueAnnouncement 2014-28 provides guidance to U.S. citizens or resident aliens living and working abroad whose tax home is in a foreign country and meet either the bona fide residence test or the physical presence test, choosing to exclude from their income a limited amount of their foreign earned income ($99,200 for 2014). Both the bona fide residence test and the physical presence test contain minimum time requirements. The minimum time requirements can be waived, however, for those who must leave a foreign country because of war, civil unrest, or similar adverse conditions in that country. Rev. Proc. 2014-25 contains the list of countries for tax year 2013 for which the minimum time requirements are waived. However, that list is incomplete. South Sudan and its departure date have been added. Announcement 2014-28 will be in IRB 2014-34, dated August 18, 2014. Thank you for subscribing to IRS GuideWire, an IRS e-mail service. If you are a Tax Professional and have a specific concern about your tax situation, call the IRS Practitioner Priority Service 1-866-860-4259. This message was distributed automatically from the IRS GuideWire mailing list. Please Do Not Reply To This Message. |