The One Year Rule

There are quite a few rumors going around saying that you can extend a travel contract beyond 12 months and still get tax free stipends. Unfortunately, that is not true at all. In fact, working in the same economic area for more than 12 months could result in you indicating to the IRS that you intend to stay. There is much more to this topic, so let Savanna, one of our most skilled Tax Home Specialists, clear it all up for you.

While you’re at it, let us fill you in on how to maintain your tax home, the differences between a tax home and a permanent residence, and what role your company could play in all of it.