The foreign earned income tax exclusion for individuals : analyses and alternatives /

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Bibliographic Details
Imprint:New York : Nova Publishers, [2014]
Description:1 online resource.
Series:Government procedures and operations
Government procedures and operations.
Subject:Income tax -- United States -- Foreign income.
BUSINESS & ECONOMICS -- Public Finance.
Income tax -- Foreign income.
United States.
Electronic books.
7 -- Electronic books.
Format: E-Resource Book
URL for this record:
Hidden Bibliographic Details
Other authors / contributors:Milburn, Molly, editor.
Notes:Title from PDF title page (viewed on Sept. 26, 2014).
Includes index.
Summary:For tax year 2011 (the most recent data available), an estimated 445,000 tax returns claimed the foreign earned income exclusion (FEIE), which is 0.3 percent of all individual tax returns filed. Taxpayers were able to exclude from taxable income about 30 billion in foreign earned income and housing costs, with about 45 percent excluding all or most of their foreign earned income. The FEIE reduces the tax liability of U.S. taxpayers working abroad even if they paid no foreign income taxes to another country. U.S. taxpayers in higher tax countries can eliminate their U.S. tax liability using the.
Other form:Print version: Foreign earned income tax exclusion for individuals. 1633219747 9781633219748