Posts Tagged ‘ minneapolis foreign tax lawyer ’

House passes the Tax Extenders Act of 2009

Dec 11th, 2009 | By | Category: International Tax Attorney Minneapolis, international tax lawyer minneapolis, Legal Notes

On December 9, 2009, the U.S. House of Representatives approved H.R. 4213, the “Tax Extenders Act of 2009.” The bill would extend for one more year more than forty tax provisions that are set to expire at the end of this year, including the research credit and a number of important tax breaks for individuals. [...]

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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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