IRS PLR: Foreign Earned Income Exclusion Reelection Permitted Within Five-Year Period (I.R.C. §911)

The IRS has published a private letter ruling on I.R.C. §911 granting permission for a taxpayer to reelect foreign earned income exclusion within the five-year waiting period after previously revoking it, based on the taxpayer’s change of foreign country residence and employer. [PLR 202549005]

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