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Hi!
One of my client's revoke FEIE on year 2017, but his income has been increased a lot and using Form 2555 and form 1116 combination would be favorable this year.
In that case how can I get the IRS's permission? Does he files the request form with the tax return? or should he get the permission before filing his tax return? And how long would it take?
Thank you!
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Thee 2555 instructions say to See Pub. 54 for more information
Page 20.
The more I know the more I don’t know.
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I suspect that between the high IRS fee for the ruling, your high fee for a complex application for the ruling, and that it might not even be approved, it may likely be better to just not do it, and wait until the 5 year period ends next year.
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Thank you!
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Yes, I think that would be cheaper.
Thank you so much!
