IRS ADJUSTS HOUSING EXPENSE LIMITATION FOR FOREIGN CITIES

Notice 2010-27 includes a table with adjusted housing expense limitations for foreign cities identified as high-cost localities for purposes of Section 911. The adjusted limitations are used in determining the housing cost amount eligible for exclusion or deduction for tax year 2010. Notice 2010-27...

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Bibliographic Details
Published in:Journal of International Taxation 2010-06, Vol.21 (6), p.8
Main Author: Yanes, David
Format: Article
Language:English
Subjects:
Costs
Expatriate employees
Internal Revenue Code
International taxation
Moving & housing expenses
Section 911
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Summary:Notice 2010-27 includes a table with adjusted housing expense limitations for foreign cities identified as high-cost localities for purposes of Section 911. The adjusted limitations are used in determining the housing cost amount eligible for exclusion or deduction for tax year 2010. Notice 2010-27 adds cities in countries not previously on the list, including Accra, Ghana; Georgetown, Guyana; and Tel Aviv, Israel.
ISSN:1049-6378