Foreign-source income

(redirected from Foreign Income)

Foreign-source income

Income earned from international operations.

Foreign-Source Income

Personal income earned outside the United States. Unlike many other countries, foreign-source income is taxable in the United States.
References in periodicals archive ?
0M unfavorable transition tax on deferred foreign income, to be paid over 8 years; and $14.
Khawaja Asif said it is not right that fifty thousand dharam have never been mentioned whereas the amount has been shown in the tax return as foreign income.
She covers a conceptual framework; post-independence review of foreign investment policy; general conditions, legislation, rules, and regulations governing FDI; sector-specific caps and conditions on FDI for permitted sectors; mergers, acquisitions, takeover, competition, and consumer protection; regulation, promotion, and facilitation; India's FDI performance and concerns; measures to improve foreign investment climate; taxation and FDI; taxation of foreign income and India's bilateral tax treaties; and foreign portfolio investment.
Mian Saqib Nisar inquired from Imran Khan's lawyer that whether his client holds any evidence of his foreign income, and asked Bukhari to satisfy the apex court.
income tax purposes but not for foreign income tax purposes, and cases in which no gain or loss is recognized for purposes of U.
Constitution of the Special Investigation Team (SIT) on Black Money under Chairmanship and Vice-Chairmanship of two former Judges of Honble Supreme Court; Enactment of a comprehensive law The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 which has come into force w.
The bank said that it would no longer recognise foreign income for people who are not New Zealand or Australian citizens, or hold permanent residency.
Qabil saidthat the strategy seeks to lessen the trade deficit and increase the foreign income resources.
The Black Money ( Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, provides for a combined tax and penalty of 120 per cent on the income or assets held abroad after the three- month window expires.
Senate Standing Committee on Finance on Friday stressed upon the Federal Board of Revenue (FBR) to introduce ''Undisclosed Foreign Income and Assets Act'' in budget (2015-16) for declaration of assets including bank accounts held by Resident Pakistanis out of Pakistan and undisclosed income aboard and regularize declared assets by payment of tax at specified rate.
7% last year resulted from increased foreign income taxed at a lower rate, favorable audit settlements, certain nondeductible expenses last year and other discrete events
The foreign income exclusion will be denied if the taxpayer is present in a foreign country in which travel is generally restricted [IRC section 911(d)(8)].

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