Question
Which of the following statements regarding the sourcing of gross income is true? a. All income earned by non-U.S. persons not engaged in a U.S.
Which of the following statements regarding the sourcing of gross income is true?
a. All income earned by non-U.S. persons not engaged in a U.S. trade or business is treated as foreign source.
b. U.S.-source income is not subject to withholding so long as such income is not treated as effectively connected with a U.S. trade or business.
c. Certain U.S.-source investment income earned by non-U.S. persons not engaged in a U.S. trade or business may be subject to a U.S. withholding tax.
d. Non-U.S. persons not engaged in a U.S. trade or business are indifferent as to whether any of their income is U.S. source.
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