Possibly moving back to US

I have filed an extension and plan to file my taxes in November and claim the foreign income exclusions etc. However, I may be moving back to the US shortly after I qualify for the foreign income exclusion. Is this ethically wrong or illegal?

Also, when I do my taxes for year 2006 I will be filing taxes for a year that ten months I would have lived in the UK and two months in the US. Therefore, I wont qualify for the foreign income exclusion (will be in the US for more than thirty days that year) Does this mean I will get taxed twice on my income earned in the UK?

thanks

Not quite ...

2005 is nothing to do with 2006, so go ahead and file for 2005 when you can (the TDF90-22.1 is due by 30 June if applicable).

For 2006 the foreign earned income exclusion will be pro-rated (it always is in the first and last years' overseas).

guya, if an American earns less that $80,000 in the UK what tax form needs to be completed? I get confused with all this foreign income exclusion talk. I have only ever completed EZ forms or 1040 with no deductions. Pretty simple and straight forward.

thanks!

I am sorry but a typical expatriate tax return runs to a minimum of 20 pages ... yes there are EZ forms but I would usually suggest a professional if the overseas piece sounds baffling!