r2i forum

Thanks for the quick reply. I understand Green card holder needs to spend most of his/her time in the US, but if the green card holder file Form 2555, doesn't it show that he/she spends most of his time outside the US, or worse with the Bona fide resident test doesn't he/she show his/her intention ...

Can a green card holder file Form 2555 (Foreign earned income exclusion) and either use Bona fide resident test for the exclusion (which shows that your intention to stay in the foreign country for indefinite stay and not a temporary stay) or Physical Presence test (which requires you to stay at ...

Schedule C line 26 Wages (less employment credits) The instruction says "in most cases you are required to file Form W-2, Wage and Tax Statement, for each employee. For a foreign sole proprietorship, which is located outside the US and all the employees are from that country and are not US residents ...

If a person owns a foreign sole proprietorship, does he/she file Schedule C ? In the foreign country tax return, a tax payer can use a "norm" calculation where he multiply the revenue by 30% to come up with the net income. So, the tax payer doesn't need to list by the expenses like advertising ...

My friend is a green card holder, but earn income from outside the US. Since her income is very small when converted to US dollar, her US taxable will be 0. So, she is not going to use the Foreign Income Exclusion (not qualified) or take Foreign Tax credit. Line 7 for 1040 says "Attach W-2" . She ...