Ethan Thomas

Ethan Thomas

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How do you know if you can claim the Foreign Earned Income Exclusion this year?Answer these questions:Are you aS.expat (an American citizen living abroad)?Do you like saving money?Do you want to reduce your tax burden?If your response to all these questions is “yes,” then keep reading to discover how the Foreign Earned Income Exclusion can work in your favor.The BasicsIf you’re living overseas, then chances are good that you are already acutely aware that as an American citizen and taxpayer, you continue to have filing obligations to the U.S.That’s right, we’re talking about taxes.The United States is one of the few countries that continue to tax their citizens even if they no longer live within their borders.What this means to you is that you will have to file U.S. tax documents as required by American law.While you’ll be taxed on your worldwide income, the Foreign Earned Income Exclusion prevents double taxation by the country you are currently living in and the U.S. by allowing you to exclude your foreign earnings from income up to an amount that is adjusted annually for inflation.Excluding this portion of your income will reduce your tax liability to the U.S., provided you qualify.The TestsIn order to be able to claim the Foreign Earned Income Exclusion, you will need to live outside the U.S. for the majority of the year, so the Internal Revenue Service (IRS) has developed two (alternative) tests to establish residency:Bona fide residency, establishing that you did indeed live in a country outside of the United States for the full calendar yearPhysical presence.You must prove that you were physically outside the U.S. for at least 330 full days during a consecutive 12-month period that coincides with the calendar yearWith the bona fide residency test, you must establish that your permanent home is in the foreign country.
I think everybody can agree on that.Somewhere along the line it became less about reporting the news, and more about delivering bias agendas, tainted messages, personal motives, and more.Which would explain why mainstream media has lost a lot of popularity amongst the masses, and its viewership is down.It would also explain why those same individuals are looking for content elsewhere, at more prominent news sources and content providers like The Doe and others.However, until it regains that trust, the industry as a whole should not suffer.As more and more people look for alternatives to mainstream media, the industry as a whole should listen to the voiced concerns of the people.
Businesses are using content to leverage their online presence and push traffic to their website.Through the use of adept concepts like keywords, anchor texts, SEO quotes, and more, a certain form of content will be easier to find than others.As for content marketing, keywords help highlight the message that you’re trying to get across.For instance, keywords highlighted in an infographic instantaneously grab the attention of the reader and lets them know that this is what the topic is about.High-Quality Content It’s not all about the technical side of things.Original, unique, trendy and creative content gets immediately indexed on the search engine results page.
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