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Revision as of 13:03, 28 July 2025


There is much confusion about what constitutes foreign earned income with respect to the residency location, the location where the work or service is performed, and the source of the salary or fee costs. Foreign residency or extended periods abroad of the tax payer is a qualification to avoid double taxation.

After twenty six years if you have any balance left unpaid, then the debt is forgiven. However, this unpaid balance is considered as taxable income in line with the Internal Revenue Service. What's interesting is that the loan is forgiven after different times depending on what sector you enter into perform force.

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