100% Owner of US S-Corp

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100% Owner of US S-Corp

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Old 11th June 2019, 05:25 PM
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Default 100% Owner of US S-Corp

US-citizen, looking to travel extensively outside of the US. I am a 100% owner of a US-based S-Corp. I am the sole W2 employee, receiving wages into my US checking acccount.

My specific question relating to the physical presence test of the FEIE is that my company's income is derived from consulting work from companies who are based in the US / Canada. If I personally am outside of the US, though am working with US / Canadian companies, is this income "foreign earned"?

From several sources, the analogy is like this: "If I live outside of the US, but fly into New York for a workshop where I make $10,000, that income is "earned" in the US. However, if I do consulting / workshops via Skype / Webex / email correspondence from OUTSIDE of the US (yet with companies IN the US), then that is considered "foreign earned".

I will have no problems passing the physical presence test, but the IRS definition of "foreign earned" income is a bit vague.

Any help, pointers, shoves in the right direction are much appreciated.


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