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The General Rules To qualify for the foreign earned income exclusion, a U.S. citizen or resident alien must have a tax home in a foreign country and income received for working in a foreign country, otherwise known as foreign earned income. The taxpayer must also meet one of two tests: the bona fide residence test or the physical presence test.

For more information about the Foreign Earned Income Exclusion see Publication 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad and the instructions for Form 2555 or Form 2555-EZ. Forms and publications are available at IRS.gov or by calling 800-TAX-FORM (800-829-3676).

Use the search box at the www.irs..gov website for any of the below referenced items that you want to look at and read the instructions that ar available for this purpose.

Publication 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad (PDF 348K)

Form 2555, Foreign Earned Income

Form 2555-EZ Foreign Earned Income Exclusion

Hope that you find the above enclosed information useful. 04/23/2012

You cannot claim the FEIE until you have the 330 days completed.

July to July contracts mean that you either get an extension or you file without the 2555 and then amend.

it relatively is against the regulation. thrilling that a legal expert needs to try this. you isn't a contractor, you would be an worker. The definition of worker is set with the help of the IRS and contains issues like some time being controlled with the help of your employer etc. your loved ones "pal" is making an attempt to get out of paying his proportion of FICA and Medicare. As a contractor, you will desire to pay the completed FICA and Medicare, 15.3% as unfavourable to 7.15%. you will would desire to make quarterly predicted tax money.