Definition of Foreign Earned Income for the purposes of Foreign Income Exclusion under I.R.C. §911
Sep 19th, 2009 | By Manager | Category: Legal Notes, minneapolis business lawyer, minneapolis tax lawyerUnder I.R.C. §911, if certain conditions are met, a qualified individual can exclude as much $91,400 (for tax year 2009) of foreign earned income from taxable gross income. Two questions arise: what is earned income, and when is such income considered to be foreign earned income?
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