Several tax provisions are liberalized for U.S.citizens working abroad.Which one of the following benefits is incorrect?
A) Deductible foreign moving expenses include costs of storing furniture.
B) The tax return due date for calendar year taxpayers is June 15.
C) U.S.-source earned income received while a foreign resident is excludable income up to certain limits.
D) The period to replace a foreign residence in order to defer capital gain is doubled for taxpayers who continue to live outside the United States.
Correct Answer:
Verified
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