Assignment 1: Foreign Source Income Rules (Client Letter) Due Week 2 and worth 160 points

You are a CPA working as a tax professional engaged to provide tax advice to a client with operations in the United States and internationally. The client has specifically requested information on strategies that she can use to minimize the tax effects of foreign sourced income.

Use your text, the Internet, and / or Strayer Learning Resource Center to research the various rules regarding source rules for income and deductions.

Write a one to two (1-2) page paper in which you:

Create a letter to communicate to your client about the source rules for income and deductions and the conditions under which income received in foreign countries may or may not be taxed in the U.S. Present a proposal to the client as to how to reduce the U.S. tax impact from income received from outside the U.S. Provide details to support your proposal. Use at least two (2) quality resources in