Foreign-source income

Foreign-source income

Income earned from international operations.

Foreign-Source Income

Personal income earned outside the United States. Unlike many other countries, foreign-source income is taxable in the United States.
References in periodicals archive ?
tax liability imposed on foreign-source income, subject to certain limitations.
source taxable income and in a later year has foreign-source income, it must treat all or part of the foreign-source income as U.
The discussion draft would provide a 95 percent dividends-received deduction for dividends paid out of the foreign-source income.
Under the current Act, partnerships allocate foreign-source income and foreign tax credits at the end of the partnership's year and the corporate partner reports the income and claims the related foreign tax credit relief in the fiscal year in which the partnership year ends.
GAO was asked to describe for a group of study countries with exemption systems: (1) the rules for exempting foreign-source income, and (2) the compliance risk and taxpayer compliance burden, such as recordkeeping, of the rules.
corporations computed a separate foreign tax credit for a defined group of statutory categories of foreign-source income or "baskets" (each of these is described separately in the Explanation of Selected Terms section).
source income from the sale of personal property, and a nonresident would generate foreign-source income.
It is aimed at reducing double taxation on foreign-source income, but provides additional savings when the tax rate abroad is lower than in Ireland.
The corporate foreign tax credit was enacted to mitigate the potential of double taxation of foreign-source income of U.
tax system allows companies with so*called foreign-source income to receive credit against their U.
income levels and an increased proportion of foreign-source income.
To test for this possibility, I disaggregated the data on inward FDI to the United States by the major capital-exporting countries to see if, as theory would suggest, FDI from countries that do not tax foreign-source income is more sensitive to U.