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Author: Couchcamel Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122527  
Subject: Re: Expatriot IRA Question Date: 2/7/2001 3:33 PM
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I have been claiming the Foreign Earned Income Excusion since 1995, and every year I contribute to my Roth IRA, and to my wife's Roth IRA. That's not the problem. The tricky part is qualifying for the exclusion. You need to meet the Bona Fide Residence Test or the Physical Presence Test.

And, be careful, you still have to file a tax return, and you can only exclude up to $76,000 of your income. Any benefits you receive, such as company paid housing, plane tickets, school fees also gets included. You need to get a copy of IRS Publication 54 "Tax Guide for U.S. Citizens and Resident Aliens Abroad".

By the way, it's spelled "expatriate", not expatriot...
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