Originally Posted by
ImperialxRat
Hi guys.
Thanks for the info in this thread. I am going to be accepting a job over seas that is not a contract gig.. it is a permanent position, and I should be making right around 90k/yr. They will be airline'ing us home while the plane is in scheduled maintenance, which is twice a year for 3 week periods.
So realistically I should be right around 320 days over-seas for the calendar year of 2011. Since I wouldn't qualify for the 330 day abroad exemption, would I be able to qualify for the second one that TonyWilliams posted?.
Is it a "you dont pay any taxes on the first $90k" type thing, or is it just a reduced tax amount?
Thanks!
If you get a residence visa for the country you are based in you will be okay, otherwise you are not. You also need to read the language carefully. In an IRS audit you would have to prove that you were "in" a foreign country for 330days of the year. Time in transit between countries does not count so for pilots that one is almost impossible to use unless you are flying domestic or back home every night.
Get advice from a professional though.
Nick Romer in Tennessee is pretty good on this stuff.
Typhoonpilot