Parent Country National Law & Legal Definition  A parent-country
national is a person working in a country other than their
country of origin. Such a person is also referred to as an
expatriate. Long periods of assignment (perhaps 4 –5 years or
more) may run the risk of “de facto” employee status in the host
country, so that labor laws or the host country apply.  A U.S.
parent-country national residing abroad still owes U.S. taxes
each year on his or her worldwide income. The US has income tax
treaties with over 35 other countries. The IRS and the foreign
taxing authorities can exchange information on their citizens
living in the other country. Qualifying U.S. citizens and
residents working outside the United States are permitted to
elect to exclude a portion of their foreign earned income under
the Internal Revenue Code (IRC). This section provides a general
exclusion limited to a specified amount, another exclusion
measured by foreign housing costs, and, for self-employed
persons, a foreign housing cost ded