Form 8865 Expats 2024

Hi and welcome to Esquire Group's webinars on foreign earned income exclusion vs the foreign tax credit. Which one is better? I'm your presenter, Jimmy Sexton, the president of Esquire Group. Just a couple of housekeeping matters before we get started. Your webinar interface has the ability for you to ask questions. Feel free to ask questions throughout the broadcast. At the end of the webinar, I will do my best to address all the questions that have been posted. I would ask that you keep your questions general in nature and not specific to your situation because this webinar is being recorded and will be posted on our YouTube channel afterwards. So let's go ahead and jump in and get started. First off, let's start with a disclaimer. This webinar is for informational purposes only. This presentation was prepared for educational purposes only. This presentation is not legal or tax advice, nor is it to be construed as such. Each individual's circumstances are different. You should seek legal and/or tax advice to address any specific questions you may have. Again, I'm your presenter, Jimmy Sexton. I have a bachelor's in business administration with an emphasis in finance, a JD, and an LLM in international taxation. I am the president of Esquire Group. We have offices in Las Vegas, Phoenix, Vienna, Frankfurt, and the United Arab Emirates. We specialize in international taxation, including tax issues facing US citizens and residents living abroad, expatriation, investing or doing business abroad, and foreign investment in the US. I am fluent in English and German. Now let's talk about the foreign earned income exclusion. What is it? As a US person, which includes US citizens, US green card holders, or someone who meets the substantial presence test, you can exclude up to a certain amount of foreign...