No. of Recommendations: 0
Thanks for that. I thought that the foreign income exclusion is only for earned income, not dividends or interest, though. And even if I open an account in my son's name, once it earns more than $1600, it gets lumped together with my unearned income and taxed at my rate. And, to add insult to injury, it also needs to be reported in the UK as well, which is a record keeping nightmare even when it doesn't lead to higher taxes. Arghhhhhhh!
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.