Multiple Choice
Which of the following statements regarding foreign persons not engaged in a U.S.trade or business is true?
A) Foreign persons are not subject to U.S. tax if not engaged in a U.S. trade or business.
B) Foreign persons with any U.S.-source income are taxed on any net investment income (after expenses) .
C) Foreign persons are subject to potential withholding taxes on the gross amount of U.S.-source investment income.
D) Foreign persons with only U.S.-source investment income are exempt from U.S. tax.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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