Extraterritorial exclusion form corrected.

• Author: Josephs, Stuart R.
• Position: Federal Tax update - Brief Article

IRS Announcement 2003-47, IRB 2003-29, July 21, 2003, states that the 2002 version of Form 8873 has been corrected for an error in computing the extraterritorial income exclusion in certain instances in which taxpayers used the foreign sale and leasing income method.

The error was in the 2000 and 2001 versions of this form and...