Questions from Individual Taxation

Q: Natasha is not a citizen of the United States, but she

Natasha is not a citizen of the United States, but she spends 200 days per year in the United States on business. She does not have a green card. True or False: Natasha will always be considered a res...

Q: Distinguish between allocation and apportionment in sourcing deductions in computing the foreign

Distinguish between allocation and apportionment in sourcing deductions in computing the foreign tax credit limitation.

Q: Use the facts in problem 41. If Guido meets the statutory

Use the facts in problem 41. If Guido meets the statutory requirements to be considered a resident of both the United States and Belgium, what criteria does the U.S.-Belgium treaty use to “break the t...

Q: Why does the United States allow U.S. taxpayers to

Why does the United States allow U.S. taxpayers to claim a credit against their precredit U.S. tax for foreign income taxes paid?

Q: Why are the income source rules important to a U.S

Why are the income source rules important to a U.S. citizen or resident?

Q: Compare and contrast general sales and use tax nexus and the new

Compare and contrast general sales and use tax nexus and the new “Amazon” rule creating nexus in New York.

Q: Carol receives $500 of dividend income from Microsoft, Inc.,

Carol receives $500 of dividend income from Microsoft, Inc., a U.S. company. True or False: Absent any treaty provisions, Carol will be subject to U.S. tax on the dividend regardless of whether she is...

Q: Pavel, a citizen and resident of Russia, spent 100 days

Pavel, a citizen and resident of Russia, spent 100 days in the United States working for his employer, Yukos Oil, a Russian corporation. Under what conditions will Pavel be subject to U.S. tax on the...

Q: Sam Smith is a citizen and bona fide resident of Great Britain

Sam Smith is a citizen and bona fide resident of Great Britain (United Kingdom). During the current year, Sam received the following income: o Compensation of $30 million from performing concerts in t...

Q: Spartan Corporation, a U.S. company, manufactures green

Spartan Corporation, a U.S. company, manufactures green eye shades for sale in the United States and Europe. All manufacturing activities take place in Michigan. During the current year, Spartan sold...