I have a few LLCs and I declare as an S-corp on the one that is more active.

Americans Working Abroad and Income Declaration:- Additionally, I'm wondering about the scenario where an individual is an American citizen working abroad and did not fully declare all of their income or any income at all, how might this impact their eligibility for an FHA loan?

Its a poorly run democrat state that will likely declare bankruptcy soon resulting in pension haircuts and massive tax increases in an attempt to socialize the financial pain. 

He has declared his Swedish income to the IRS annually and he has an address in the US that he uses for banking etc.

Cons--can't touch any cash, and time constraints on declaring and closing on the replacement property.4. 

Americans Working Abroad and Income Declaration: - Additionally, I'm wondering about the scenario where an individual is an American citizen working abroad and did not fully declare all of their income or any income at all, how might this impact their eligibility for an FHA loan?

The government has declared anyone receiving government assistance to be protect from collecting through garnishing of income. 

Today's declaration that the recession is over is the icing on the cake.I put in orders to short Ford at $8.46; GPS at $18.63; and CIEN at $12.46.

Just when you one day assumedly go to sell the property, your cost basis is the aforementioned value that you would have declared on the SchD/f8949.As you presumed, the capital gains is break even since you never had a "transaction." 

So a lease with declared rents would be a good thing.