I have a question with regard to tax strategy.
I am on sabbatical this year and stay in China. So my school in the US pays me.
I also have a S-type company in the US and got a contract job to work for another company in New York. Since I am overseas now, can I use my own company to pay myself in China and use the Section 911 foreign source earned income exclusion to exempt that part of the income?
I know I have to pay regular tax on my school income, but what about the income from my own company since I am in China now? Thanks.