physical presence test
Definition
A test used to determine if an individual who lives abroad qualifies for foreign earned income and housing exclusions or deductions under the IRS code. U.S. citizens or resident aliens who are physically present in a foreign country for at least 330 days over a period of 12 consecutive months typically meet the criteria for this test.
Related Articles
- Forex: Scalping Strategy *
- "Leap" Options *
- Understanding Asset Allocation While Building a Portfolio *
- Social Security and the Benefits Provided by It *
- How to Sell a House *
- Does Dollar-Cost Averaging Work With ETFs? *
- Forex Trading: Which Style is Yours? *
- Explanation of the Major Factors Affecting Your Tax Returns *
Related Videos
http://www.businessdictionary.com/definition/physical-presence-test.html
