Legal definition of bona fide residence
International Taxation Legal Terminology

bona fide residence

A residence of the US national or permanent resident in a foreign country that meets the IRS bona fide residence test.

A taxpayer meets the bona fide residence test if he/she is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year. You can use the bona fide residence test to qualify for the foreign earned income and foreign housing exclusions and the foreign housing deduction only if you are either: A U.S. citizen, or A U.S. resident alien who is a citizen or national of a country with which the United States has an income tax treaty in effect.
Your bona fide residence is not necessarily the same as your domicile. Your domicile is your permanent home, the place to which you always return or intend to return.

Questions of bona fide residence are determined on a case-by-case basis, taking into account such factors as your intention or the purpose of your trip and the nature and length of your stay abroad. You must show the Internal Revenue Service (IRS) that you have been a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year
Find a legal term by clicking on the first letter of a legal word or phrase:
Book of the Day in our Store
Share it on TwitterFacebook
Doping in Sport and the LawDoping in Sport and the Law
  • List Price: $148.00
  • Price: $87.75
  • You Save: $60.25 (41%)
from $87.47
Dispute Resolution in Sport: Athletes, Law and Arbitration (Ethics and Sport)Dispute Resolution in Sport: Athletes, Law and Arbitration (Ethics and Sport)
by David McArdle
from $143.81
James RebarchakAttorney at LawPRACTICE AREA: Admiralty & Maritime Law, Labor & Employment Law, Litigation, Workers Compensation, Military Law & Military Benefits
Roger J DoddAttorney at LawPRACTICE AREA: Personal Injury, Professional Malpractice, Family Law, Criminal Defense, Business Law, Computer & Internet Related Crimes, Health Care Law, Constitutional Law & Civil Rights, Intellectual Property, Litigation, Sports Law, Animal Law, Aviation, Military Law & Military Benefits
Mark McDanielAttorney at LawPRACTICE AREA: Personal Injury, Criminal Defense, Wills & Probate, Admiralty & Maritime Law, Litigation, Military Law & Military Benefits
NPRA coalition of conservative Republicans, some of whom voted for sweeping tax cuts in 2012 or defended them in the years since, sided with moderates and Democrats to override Brownback's veto of a $1.2 billion tax increase. The law to increase taxes ... more »
BloombergThe IRS, aided by documents Schlicksup provided, concluded in 2013 that Caterpillar had employed an “abusive” tax strategy; the agency later demanded $2 billion in back taxes and penalties. .... He took the new job, and then, late that year, took the ... more »
University of Arkansas NewswireUniversity of Arkansas alumnus Jack Fay retired from Pittsburg State University in Kansas last summer, but his work continues to impact the field of tax history and law. The Journal of Business and Educational Leadership published an article he co ... more »
It's a free online legal dictionary search engine for definitions of legal terminology and legal words, legal abbreviations, and legal jargon you may meet when reading legal acts, law books, documents, legal forms and other legal content