Bona fide Foreign Resident Law and Legal Definition
The bona fide residence test classifies any resident who lives in any foreign country or countries for an uninterrupted period that includes an entire tax year as a Bona Fide Foreign Resident in accordance with the IRS criteria. The taxpayer falling into such a category is qualified for the foreign earned income exclusion. Bona Fide Foreign Residents should be either U.S. citizens living overseas or U.S. resident aliens of a country with which the U.S. has an official income tax treaty in effect.
Legal Definition list
Related Legal Terms
- Ad Colligendum Bona
- Ad Colligendum Bona Defuneti
- Adoption Record [Foreign Relations]
- Adoption Service [Foreign Relations]
- Affect Interstate And Foreign Commerce
- Agency or Instrumentality of a Foreign State
- Agent of a Foreign Power
- Agent of a Foreign Principal
- American Foreign Policy Council [AFPC]
- Automated Foreign Trade Zone Reporting Program
