Making Sense of Foreign-Earned Income
The Internal Revenue Service (IRS) is notorious for its strict and forensic approach to foreign-earned income and for both expats and internationally-minded US citizens few areas of wealth management are as onerous as foreign income reporting requirements and cross-border tax planning.
However, the fact that the requirements in this area can be so complex and the forms involved so detailed and demanding that sometimes this takes away from what is essentially a simple question: how do you differentiate between income earned in the US and income earned abroad?