Blocked Income

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Blocked Income

Blocked Income means:
foreign income that is not available to the earner or owner because of monetary, exchange, or other restrictions imposed by a foreign country. Blocked income is not included in income until it is free of such restrictions. Former IRC (check if this IRC provision is current here) §964(b).

Related Entries in the American Tax Encyclopedia:

  1. Boycott-related Income
  2. Foreign Income
  3. Foreign Investment
  4. Foreign Earned Income Exclusion
  5. Foreign Country
  6. Foreign Personal Holding Company Income Income
  7. Repatriation
  8. Subpart F Income
  9. Exchange Visitor
  10. Foreign-source Income
  11. Effectively Connected Income
  12. Foreign Tax Credit
  13. Specific Economic Benefit
  14. Compensation
  15. Foreign Expropriation Capital Loss
  16. Modified Adjusted Gross Income
  17. Foreign Sales Corporation
  18. Delayed Exchange
  19. Book Income
  20. Exchange
  21. Creditable Foreign Tax
  22. Section 1031
  23. Net Income
  24. Physical Presence Test
  25. Undistributed Net Income

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