How do I determine the source (foreign or U.S.) of my income?
The source of earned income and employee benefits generally depends on the physical location of the taxpayer when earning the income. If earned in a foreign country, it is considered foreign source.
The source of unearned income generally depends on the location of the payor or the property that generates the income. As a result, dividends and interest received from the U.S. government or domestic corporations is considered a U.S. source.
All About Randall Brody
Randall is the Founder of Tax Samaritan, a boutique firm specializing in the preparation of taxes and the resolution of tax problems for Americans living abroad, as well as the other unique tax issues that apply to taxpayers. Here, they help taxpayers save money on their tax returns.