Post by xjonesy on Nov 12, 2013 14:33:38 GMT
Can I ask for a little clarification? I’ve tried to read through the many tax-related posts online, but I’m confused on a few things:
1. Can someone define C&S, expat premium, repat, and EAP? These look to all be taxable benefits…but what are they? I assume “repat” is the travel money received to return to place of residence – what about the other terms?
2. Also, if Aramco doesn’t use the Foreign Earned Income exclusion when calculating the tax we owe, does a US expat not need to worry about the 330 day rule? Because the 330 day rule applies to the FEI exclusion, is that correct? That means I could spend more than 35 days/year in the US and not worry about the FEI rules, if I’m understanding correctly.
Thank you for any clarifications if I’ve misunderstood.
1. Can someone define C&S, expat premium, repat, and EAP? These look to all be taxable benefits…but what are they? I assume “repat” is the travel money received to return to place of residence – what about the other terms?
2. Also, if Aramco doesn’t use the Foreign Earned Income exclusion when calculating the tax we owe, does a US expat not need to worry about the 330 day rule? Because the 330 day rule applies to the FEI exclusion, is that correct? That means I could spend more than 35 days/year in the US and not worry about the FEI rules, if I’m understanding correctly.
Thank you for any clarifications if I’ve misunderstood.
