Interview Notes Todd and Audrey currently live in Thailand. They moved there on January 15, 2019 and currently rent a 3-bedroom apartment in Krabi. Audrey was transferred there for an indefinite period of time. Todd and Audrey intend to eventually return to the United States. Audrey is employed by a U.S.-based Fortune 500 company and Todd teaches English as a second language. Todd and Audrey returned to the U.S. for 14 days to attend a work conference in July of 2020. They also took a 14-day vacation to Singapore to stroll the waterfront promenade, botanical gardens, zoo, and other attractions in June 2020. Todd and Audrey are U.S. citizens and have valid Social Security numbers. Neither Todd nor Audrey work for the U.S. government. Todd and Audrey own a home in the U.S. It is vacant while they are overseas, but their neighbor checks on it for them. 1. The 14-day vacation to Singapore cannot be included when counting the 330 days required for the physical presence test.	False
Interview Notes Todd and Audrey currently live in Thailand. They moved there on January 15, 2019 and currently rent a 3-bedroom apartment in Krabi. Audrey was transferred there for an indefinite period of time. Todd and Audrey intend to eventually return to the United States. Audrey is employed by a U.S.-based Fortune 500 company and Todd teaches English as a second language. Todd and Audrey returned to the U.S. for 14 days to attend a work conference in July of 2020. They also took a 14-day vacation to Singapore to stroll the waterfront promenade, botanical gardens, zoo, and other attractions in June 2020. Todd and Audrey are U.S. citizens and have valid Social Security numbers. Neither Todd nor Audrey work for the U.S. government. Todd and Audrey own a home in the U.S. It is vacant while they are overseas, but their neighbor checks on it for them. 2. Which test qualifies Todd and Audrey for the foreign earned income exclusion?	C. Both a and b
International Scenario 2: Eric and Tamara Fisher
Interview Notes Eric and Tamara are married and live in Geneva, Switzerland. Eric is a U.S. citizen and has a valid Social Security number. Tamara is a citizen of Switzerland and has an ITIN for U.S. filing purposes. In 2015, Eric and Tamara chose to treat Tamara as a resident alien for tax purposes. This choice has never been suspended or ended. Eric and Tamara have a daughter, Kimberly, who was born on November 10, 2020. Kimberly is a U.S. citizen and has a valid Social Security number issued by the due date of the return, including extensions. When both of Tamaras parents died last year, her disabled brother Terry moved in with them. Terry is a citizen of Switzerland and has no income. Eric is employed by a Fortune 500 company and earned $50,000. Tamara works as a part-time librarian and earned the equivalent of $7,000 in U.S. dollars. Eric and Tamara provide all the financial support for Kimberly and Terry. 3. How should Tamaras income be treated on a Married Filing Jointly return?	D. Tamaras worldwide income must be reported on the return.
Interview Notes Eric and Tamara are married and live in Geneva, Switzerland. Eric is a U.S. citizen and has a valid Social Security number. Tamara is a citizen of Switzerland and has an ITIN for U.S. filing purposes. In 2015, Eric and Tamara chose to treat Tamara as a resident alien for tax purposes. This choice has never been suspended or ended. Eric and Tamara have a daughter, Kimberly, who was born on November 10, 2020. Kimberly is a U.S. citizen and has a valid Social Security number issued by the due date of the return, including extensions. When both of Tamaras parents died last year, her disabled brother Terry moved in with them. Terry is a citizen of Switzerland and has no income. Eric is employed by a Fortune 500 company and earned $50,000. Tamara works as a part-time librarian and earned the equivalent of $7,000 in U.S. dollars. Eric and Tamara provide all the financial support for Kimberly and Terry. 4. How can the Fishers decide to end their election to treat Tamara as a resident alien?	D. All of the above
Interview Notes Eric and Tamara are married and live in Geneva, Switzerland. Eric is a U.S. citizen and has a valid Social Security number. Tamara is a citizen of Switzerland and has an ITIN for U.S. filing purposes. In 2015, Eric and Tamara chose to treat Tamara as a resident alien for tax purposes. This choice has never been suspended or ended. Eric and Tamara have a daughter, Kimberly, who was born on November 10, 2020. Kimberly is a U.S. citizen and has a valid Social Security number issued by the due date of the return, including extensions. When both of Tamaras parents died last year, her disabled brother Terry moved in with them. Terry is a citizen of Switzerland and has no income. Eric is employed by a Fortune 500 company and earned $50,000. Tamara works as a part-time librarian and earned the equivalent of $7,000 in U.S. dollars. Eric and Tamara provide all the financial support for Kimberly and Terry. 5. The Fishers can claim the credit for other dependents for Terry	True
Interview Notes Eric and Tamara are married and live in Geneva, Switzerland. Eric is a U.S. citizen and has a valid Social Security number. Tamara is a citizen of Switzerland and has an ITIN for U.S. filing purposes. In 2015, Eric and Tamara chose to treat Tamara as a resident alien for tax purposes. This choice has never been suspended or ended. Eric and Tamara have a daughter, Kimberly, who was born on November 10, 2020. Kimberly is a U.S. citizen and has a valid Social Security number issued by the due date of the return, including extensions. When both of Tamaras parents died last year, her disabled brother Terry moved in with them. Terry is a citizen of Switzerland and has no income. Eric is employed by a Fortune 500 company and earned $50,000. Tamara works as a part-time librarian and earned the equivalent of $7,000 in U.S. dollars. Eric and Tamara provide all the financial support for Kimberly and Terry. 6. On a Married Filing Jointly return, Eric and Tamara are able to claim which of the following credits for Kimberly?	D. Both a and b
International Scenario 3: William Webster
7. The amount of Williams foreign earned income exclusion is $________. (Do not enter dollar signs, commas, periods, or decimal points in your answer.)	107,600
8. Which of the following statements is true? William does not have to report his interest income from Nordian-Actavio Bank because:	D. None of the above. He must report his worldwide income, which includes his interest income.
9. Which sources of Williams income are classified as passive category income?	C. Interest income from Nordian-Actavio Bank
10. Which source of Williams income qualifies for the foreign earned income exclusion?	B. Wages from the coffee shop
11. William does not meet the requirements of the bona fide residence test and cannot exclude his foreign earned income.	False
12. Which of the following statements are false?	D. William has both passive and general foreign income.
13. William must include the amount of foreign tax paid to Finland as withheld federal income taxes.	True
14. Which of the following statements is true?	D. All of the above.
15. What is the amount of foreign taxes paid on interest income, converted to U.S. dollars? $________. (Round to the nearest dollar). (Do not enter dollar signs, commas, periods, or decimal points in your answer.)	10,550