Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
purpletrees4792
New Member

Question about reporting income while teaching abroad

I started teaching in South Korea in June 2016 and will return June 2017. I will have worked the whole year here, but I have only worked 7 months so far. Do I file for the 7 months now and the rest of the 5 months next year?
1 Best answer

Accepted Solutions
LinaJ2018
Intuit Alumni

Question about reporting income while teaching abroad

You have to meet the physical presence test requirements before you can file the exclusion. Then you can pro-rate your total foreign earned income exclusion between 2016 and 2017.

In your situation, you must be physically present in a South Korea for at least 330 full days during the 12-month period starting June 2016. You have to wait until after July 2017 to file your 2016 return to make yourself eligible. 

Here are your two options :

1.  You can file Form 2350 for an extension to file your 2016 tax return.  

      See https://www.irs.gov/uac/about-form-2350      OR 

2.  File your return timely without claiming the exclusion and then file an amendment return after July 2017. 

[Edited 1/31/2017]

View solution in original post

1 Reply
LinaJ2018
Intuit Alumni

Question about reporting income while teaching abroad

You have to meet the physical presence test requirements before you can file the exclusion. Then you can pro-rate your total foreign earned income exclusion between 2016 and 2017.

In your situation, you must be physically present in a South Korea for at least 330 full days during the 12-month period starting June 2016. You have to wait until after July 2017 to file your 2016 return to make yourself eligible. 

Here are your two options :

1.  You can file Form 2350 for an extension to file your 2016 tax return.  

      See https://www.irs.gov/uac/about-form-2350      OR 

2.  File your return timely without claiming the exclusion and then file an amendment return after July 2017. 

[Edited 1/31/2017]

Dynamic AdsDynamic Ads
Privacy Settings
v