Foreign Earned Income Exclusion (FEIE) -Best Alternative to Expatriation

If you are living outside the U.S. for more than two years, then there is good news for you.

I’m referring to the “Foreign Earned Income Exclusion” (FEIE) program. Through the program, U.S. citizens living abroad are exempted up to $91,400 in earned income each year from their taxable income. For married couple it is $182,800 per year..

Please note that this is not a deduction from the taxable income but the amount of $91,400 or $182,800 as the case might be would not be considered to be income at all.

Bank of Ireland to Sell 3 Flagship Businesses

As per sources the Bank of Ireland may sell of three of its major businesses as a part of bailout agreement for receiving state aid. The bank has around 17 % owned by public & is negotiating the bail out deal with the European Union regulators.

As per the sources in Bank of Ireland it may be forced to sell following three major businesses.

What is Turbo Tax?

TurboTax is an American tax preparation software package developed by Intuit, Inc. The package was initially  developed by Chipsoft in 1980s. In 1993 Intuit took over the Chipsoft. Turbo Tax is the most popular Income Tax preparation & e filing software in United States.

Turbo tax software comes with different versions like Turbo Tax Deluxe, Turbo Tax Premier etc. The Turbo Tax software can be used to prepare both Federal & State Income Tax Returns. The good thing about this software is that it is always updated once the IRS completes the revisions to the Income Tax Forms. This software is widely used in the United States due to its step by step guidance to the tax payer & user friendly interface. Turbo Tax Deluxe is designed to handle most people’s tax needs.

Goldman Sachs CDO ( Collateralized Debt Obligation) Case

The US Securities & Exchange Commission, has filed a complaint against Goldman Sachs on April 16 alleging that the investors of Collateralized Debt Obligation issued by Goldman Sachs have been cheated by not disclosing the involvement of Paulson & Co, a Hedge Fund in creating the underlying securities.

The Securities and Exchange Commission wants to prove that the Goldman Sachs has cheated its investors by not disclosing the fact that a hedge-fund firm betting against them has a role in creating the underlying securities on which the CDO is based.

BRIC Countries: An Overview

The term BRIC is a short form of Brazil, Russia, India & China. There is so much being discussed about BRIC countries that I thought we should take an overview of what BRIC countries signify in the world of Investments.

World economies have seen many bumps & turbulence over a recent past. That is the main reason why BRIC countries have gained importance in the eyes of world wide investors.  Reducing rates of internal economical growth, reduction in domestic demand, falling markets have created major threats to the survival of Global Investors & they are searching for new avenues for investing their funds to ensure a good return on capital & also the safety for their capital.