| Quote: | |  | |
| Yes, it's very important to make sure you qualify for the foreign earned income exclusion by satisfying the 330 days or one uninterrupted tax year rule. Otherwise your entire swiss income will be subject to the full US tax amount (minus a credit for what you pay to the swiss gvt) (i'm a US tax lawyer just to clarify) | |
| | |
Here is my theory, can you tell me if I'm correct?
If I take the foreign earned income exclusion, I lose the ability for tax credit on this excluded income. If my swiss taxes are higher than expected US taxes, I'm loosing...
If I'm going to take the tax credit, I don't need to worry about 330 days.
Also, do you know what parts of the withholding here is considered tax? Is the social security equivalent here is a tax?