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QUESTION DETAIL
Related User
Votes
My daughter is leaving in August for Korea to teach for a year. She worked earlier this year and will need to file a tax form. How does she report the income on a tax return and is she subject to tax liability for the overseas income in Korea?
ANSWER
The BIDaWIZ Team's Answer:
See IRC 911(a)(1). For the 2010 tax year, the first $91,400,
of foreign earned income, is tax exempt. The exemption is computed
on Form 2555, of her Form 1040.
