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A lawyer without books would be like a workman without tools.
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Legal Definitions - blocked income
The law is a jealous mistress, and requires a long and constant courtship.
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Definition of blocked income
Blocked income refers to money earned by a foreign taxpayer that is not subject to U.S. taxation because the foreign country prohibits changing the income into dollars. For example, if a foreign worker earns money in their home country and cannot convert it to U.S. dollars, that income is considered blocked income.
Example: A foreign worker earns $10,000 in their home country but cannot convert it to U.S. dollars due to government restrictions. This $10,000 is considered blocked income and is not subject to U.S. taxation.
This example illustrates how blocked income is money earned by a foreign taxpayer that cannot be converted to U.S. dollars and is therefore not subject to U.S. taxation.
If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.
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Simple Definition
Behind every great lawyer is an even greater paralegal who knows where everything is.
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