Friday, January 27, 2012

During the current year, Manuel, a nonresident alien, conducts a U.S. business

ACCOUNTING

C:16-17 During the current year, Manuel, a nonresident alien, conducts a U.S. business. He earns $100,000 in sales commissions and $25,000 of interest income. What factor(s) do U.S. taxing authorities consider to determine whether the interest is investment income not subject to U.S. taxation or business income subject to U.S. taxation?

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