Posts Tagged ‘ minneapolis business lawyer ’

Eugene Sherayzen re-appointed to the Publications Committee of the MSBA

Jul 16th, 2010 | By | Category: Business Lawyer St Paul, Contract Lawyers Minneapolis MN, Contract Lawyers St Paul MN, Legal Notes, minneapolis tax lawyer

On June 30, 2010, Eugene Sherayzen, Esq., was re-appointed for the second time to the Minnesota State Bar Association Publications Committee. The Committee is responsible for overseeing the budget and publication of the most important Minnesota legal journal, “Bench & Bar”.

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Fee Agreement Arrangements with Business Lawyers in Minneapolis: 5 Most Important Issues

Jan 19th, 2010 | By | Category: Business Lawyer St Paul, Business Lawyers Minneapolis MN, business lawyers rochester mn, international business lawyer, Legal Notes, minneapolis business lawyer

In this article, I will discuss five most important issues that you need to know before you sign a fee agreement with business lawyers in Minneapolis. 1. How is the lawyer’s fee paid? There are three main models of payment that lawyers use: hourly fee, contingency fee, and flat fee. The hourly fee is the [...]

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Report on Foreign Bank and Financial Accounts (FBAR): General Requirements

Nov 2nd, 2009 | By | Category: international tax lawyer minneapolis, Legal Notes, Tax Lawyers Minneapolis

Under the Bank Secrecy Act, each United States person must file a Report of Foreign Bank and Financial Accounts (the “FBAR”) with the U.S. Department of Treasury if two conditions apply.

The first condition is that the U.S. person must have either a financial interest in or signature authority (or other comparable authority)over one or more financial accounts in a foreign country. Several clarifications are necessary in order to understand the applicability of this first condition. First, for the purposes of the FBAR, the definition of a “U.S. person” includes U.S. citizens, U.S. residents, and persons in, and doing business in, the United States. “Person” is defined to include not only individuals, but also all forms of business entities, trusts, and estates.

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Definition of Foreign Earned Income for the purposes of Foreign Income Exclusion under I.R.C. §911

Sep 19th, 2009 | By | Category: Legal Notes, minneapolis business lawyer, minneapolis tax lawyer

Under 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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Understanding Foreign Income Exclusion under I.R.C. §911: General Information

Sep 5th, 2009 | By | Category: International Tax Attorney Minneapolis, international tax lawyer minneapolis, Legal Notes

Under I.R.C. §911, a U.S. citizen or resident can elect to exclude as much as $91,400 (for tax year 2009) of foreign earned income and some or all foreign housing costs from taxable gross income if two conditions are met.

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