Treasury updated its list of countries where the income exclusion requirements are waived for US citizens or residents living abroad for 2022.
US citizens or residents who are in a foreign country for a certain amount of time can elect to exclude foreign earned income and housing costs from gross income under Section 911.
Revenue Procedure 2023-19 waived the requirements for individuals living in Ethiopia, Iraq, Ukraine, Belarus, China, and Mali because of “war, civil unrest, or similar adverse conditions precluded the normal conduct of business.”
- The procedure also lists dates an individual must have …