Foreign Earned Income Exclusion Online Eligibility Test For Expats Introduced By Tax Planner CPA

Online, July 22, 2010 (Newswire.com) - U.S. Taxes are considered to be one of the most (if not the most) complicated taxation systems in the world. Americans that move abroad do not have the fortune of forgetting about their tax system, as there is an entire code section dedicated to Foreign earned income - and thankfully the foreign earned income exclusion which allows them to earn the first $91,400 income tax free (2009-2010).

However, foreign earned income exclusion eligibility, until now, was a matter to be handled by a qualified tax professional. As with all US Tax matters, there is no black and white, no checklist, and in the opinion of many no clear guidance from the IRS. The expatriate tax return experts at Tax Planner CPA LP realized that with their years of experience preparing US tax returns for American taxpayers living abroad, which includes successfully defending IRS audits challenging the exclusion, they could come up with questionnaire that could determine eligibility

After months of design, Tax Planner CPA launched earlier this month the Foreign Earned income exclusion eligibility online tool, available to US Citizens and Residents living abroad, or for those considering taking a job opportunity working outside the US.

The questionnaire is designed based on the code section (Code Sec. 911(a)(1) and (b)(2)) that outlines the eligibility guidelines, IRS regulations, past cases, and the very questions that have been posed by the IRS in the past when challenging the exclusion.

The online tool is extremely easy to use, according to Edward Parsons CPA, partner at Tax Planner CPA,
"American taxpayers living abroad can find out in less than 10 minutes (34 Questions) whether they qualify for the foreign earned income exclusion, and therefore can exclude from income taxes their first $91,400 of earned income." The free, instant online assessment can be found by visiting the "Expatriate Tax Returns" section of www.taxplannercpa.com , or simply clicking on this link:

http://tinyurl.com/Foreign-earned-income

Visit www.taxplannercpa.com to learn more.