References in periodicals archive
?
corporations, including foreign corporations with U.S. source income and
is taxed only on U.S. source income, less a few deductions.
(15) The corporation is also responsible for filing the related Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, even if backup withholding does not apply.
Options include making a domestic voluntary disclosure to report previously unreported U.S. source income or entering the Offshore Voluntary Disclosure Program (OVDP) to report unreported non-U.S.
Withholding taxes on this income rose by 21.0 percent to $10.8 billion in 2012, although almost 90 percent of all U.S. source income paid to foreign persons was exempt from withholding tax.
The current practice of allowing refunds or credits based on the amount reported as withheld on Form 1042-S, Foreign Persons U.S. Source Income Subject to Withholding, presents the risk that refunds or credits may be improperly granted for fictitious withholding or amounts that have not been deposited.
(7) Any U.S. source income earned by the CFC will either be subject to U.S.
ownership; and withhold and pay over to the IRS 30-percent of any payments of U.S. source income, as well as gross proceeds from the sale of securities that generate U.S.
withholding tax on U.S. source income, including dividends, interest, and rents and proceeds from the sales of U.S.
* Gains recognized by a foreign investor on the receipt of death benefits under a life insurance contract are U.S. source income if both the insured and the insurer are U.S.
companies to foreign vendors and capital providers often are U.S. source income. The Internal Revenue Code categorizes payments as U.S.
Financial browser
?
- ▲
- U.S. Department of Education
- U.S. Department of Energy
- U.S. Department of Health and Human Services
- U.S. Department of Housing and Urban Development
- U.S. Department of the Interior
- U.S. Department of Transportation
- U.S. Depository
- U.S. Direct Investment Abroad
- U.S. Dollar
- U.S. Dollar Area
- U.S. Dollar Index
- U.S. Environmental Protection Agency
- U.S. Government survey system
- U.S. Information Agency
- U.S. International Trade Commission
- U.S. League of Savings Institutions
- U.S. Mint
- U.S. Mission to the European Union
- U.S. Mission to the United Nations
- U.S. Munitions List
- U.S. Person
- U.S. Postal Service
- U.S. Price
- U.S. Secretary of Education
- U.S. Secretary of Health and Human Services
- U.S. Source Income
- U.S. State Department
- U.S. Stock Exchanges
- U.S. Tax Code
- U.S. Taxation
- U.S. Trade and Development Agency
- U.S. Trade Representative
- U.S. Travel and Tourism Administration
- U.S. Treasury Bond
- U.S. Treasury Note
- U.S. Treasury securities
- U.S. Treasury Security
- U.S. vs. O'Hagan
- U.S.C.
- U.S.-Canada Free Trade Agreement
- U.S.-Israeli Free Trade Agreement
- U.S.-Japan Semiconductor Trade Arrangement
- U/lc
- UA
- UAH
- UAK
- Ubanu
- Uberrima Fides
- Uberrimae Fidei Contract
- Ubi Arcano Dei
- UBTI
- ▼
Full browser
?
- ▲
- U.S. Secretary of Labor
- U.S. Secretary of Labor
- U.S. Secretary of State
- U.S. Secretary of State
- U.S. Secretary of State
- U.S. Secretary of State
- U.S. Secretary of State
- U.S. Secretary of the Interior
- U.S. Secretary of the Interior
- U.S. Secretary of the Interior
- U.S. Secretary of the Treasury
- U.S. Secretary of the Treasury
- U.S. Secretary of the Treasury
- U.S. Secretary of Transportation
- U.S. Secretary of Transportation
- U.S. Secretary of Transportation
- U.S. Secretary of Veterans Affairs
- U.S. Secretary of Veterans Affairs
- U.S. Secretary of Veterans Affairs
- U.S. Securities & Exchange Commission
- U.S. Securities and Exchange Commission
- U.S. Senate
- U.S. Senate
- U.S. Senate procedures
- U.S. Senate procedures
- U.S. Senator
- U.S. Senator
- U.S. Senators
- U.S. Senators
- U.S. Sentencing Commission
- U.S. Source Income
- U.S. Source Incomes
- U.S. Southeast
- U.S. Southwest
- U.S. Southwestern states
- U.S. Space Shuttle
- U.S. Space Shuttle
- U.S. Special Forces
- U.S. State Department
- U.S. State Department
- U.S. State Department
- U.S. State Department list of Foreign Terrorist Organizations
- U.S. Stock Exchanges
- U.S. Sumpreme Court
- U.S. Sumpreme Court
- U.S. Superfund
- U.S. Superfund
- U.S. Supreme Court
- U.S. Supreme Court
- U.S. Supreme Court Justice
- U.S. Supreme Court Justice
- U.S. Supreme Court, October 1953 Brown v. Board of Education of Topeka
- U.S. survey inch
- U.S. survey inch
- U.S. survey inch
- U.S. Sustainable Energy Corp.
- U.S. T Note
- U.S. Tax Code
- U.S. Taxation
- U.S. territorial waters
- U.S. territorial waters
- ▼