Hi, If I need to contribute to my kid a lump sum payment ($50k) to help out with college expenses (4 years), is there any tax implication for me or him? Thanks ... View more

I’m US citizen working overseas.  1) Can I e-file using your Turbo Tax software? Including 2555 and my employer doesn't have Company Tax number (Not American company). 2) If my wife finds a job overseas, can each of us file form 2555 when filing jointly? If so, how do we combine the two “Foreign Earned Income Exclusion” from each 2555 into form 1040? ... View more

I work overseas and currently filing form 2555.  My wife lives with me and doesn't work.  She recently inherited money, from her dad (overseas) who is not a US citizen (less than  $100K).   1) Is the inherited money taxable?  2) She now earns interest on the inherited money.  We file jointly.  Can I file a separate 2555-S form to her to deduct the earned interest?   Thanks  ... View more