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News EssentialsIRS Resources | Issue Number: RP-2013-23Inside This IssueRevenue Procedure 2013-23 provides information to any individual who failed to meet the eligibility requirements of section 911(d)(1) of the Internal Revenue Code because adverse conditions in a foreign country precluded the individual from meeting those requirements for taxable year 2012. Generally, U.S. citizens or resident aliens living and working abroad are taxed on their worldwide income. However, if their tax home is in a foreign country and they meet either the bona fide residence test or the physical presence test, they can choose to exclude from their income a limited amount of their foreign earned income ($91,500 for 2012). Both the bona fide residence test and the physical presence test contain minimum time requirements. The minimum time requirements can be waived, however, if you must leave a foreign country because of war, civil unrest, or similar adverse conditions in that country. Revenue Procedure 2013-23 provides the list of countries for tax year 2012 for which the minimum time requirements are waived. Revenue Procedure 2013-23 will be published in Internal Revenue Bulletin 2013-17 dated April 22, 2013.
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