Question
FC is a 10% partner in a NY partnership. FC has no direct activities in the US. The NY partnership has $100,000 of business income
FC is a 10% partner in a NY partnership. FC has no direct activities in the US. The NY partnership has $100,000 of business income for the year. FC makes a sec. 897(i) election:
Not sure this is correct
FC is not subject to sec 1446 withholding.
FC is subject to sec 1445 withholding.
FC is subject to the branch profits tax.
None of the above are correct.
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Managerial Accounting
Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun
3rd Canadian edition
134460826, 134460820, 9780134524818 , 978-0134526270
