Airline Pilot Central Forums - International Commuting at Atlas Air

Quote:

Originally Posted by gollum (Post 2449850)

If you are a US citizen living abroad you would still pay income tax on your income over $102,100 (based on the foreign earned income exclusion for 2017) which would also include any imputed income from company paid travel to/from your "gateway".

That is incorrect. Having lived overseas for 20 years I think I am pretty well versed in taxes and exemptions. In order to get the exemption quoted there is one big hoop you must jump through. You must have a work visa for the country you wish to live in. In order to the the deduction you must file as a boni
fied resident (ie work visa) If you just file for an exemption without a work visa you must not be in the US more than 29 days a year.
If the country you choose to live in you will be able to deduct any taxes paid in that country. I live in Japan and the company (IASCO) issued the letter for me when filing my taxes. After that first year the letter was not needed in subsequent filings. There a some other caveats that will need to you ask a professional well versed in overseas exemptions.