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Author: Globetraveler Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 667  
Subject: Re: Moving to UK - Retirement funding options Date: 5/2/2008 12:44 AM
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I don't think the apartment will be viewed as income, as I will be working for one of our clients, and I think they are arranged a montly 'slush fund' for me to draw on for expenses. These monies will be funded my the higher rate they will bill me out at. So I think this will be just viewed as paying for my expenses.

It really doesn't matter who or how the house is paid, it is likely to be considered income.

A quote directly from the IRS 2555 ( Foreign Earned Income) Form:
"Foreign earned income for this purpose means wages, salaries, professional fees, and other compensation received for personal services you performed in a foreign country during the period for which you meet the tax home test and either the bona fide residence test or the physical presence test. It also includes noncash income (such as a home or car) and allowances or reimbursements."
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