The IRS has released Revenue Procedure 2010-17 which provides guidance to individuals who fail to meet the eligibility requirements of section 911(d)(1) of the Internal Revenue Code because adverse conditions in a foreign country preclude the individuals from meeting those requirements. A current list of the countries for tax year 2009 and the dates those countries are subject to the section 911(d)(4) waiver is provided below:
Madagascar --- for departures on or after March 18, 2009
Guinea --- for departures on or after October 1, 2009
This Revenue Procedure will appear in IRB 2010-8 dated February 22, 2010.
Posted by Joshua Hock, Associate Editor, Wealth Strategies Journal

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