Foreign athletes and entertainers generally must pay U.S. income tax on their U.S.-source income.
The royalty income from Rolex was 50% U.S.-source income not effectively connected with a U.S. trade or business.
Thus, those sales percentages were held to represent the actual U.S. source income.
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The royalty income from Upper Deck was 92% U.S.-source income not effectively connected with a U.S. trade or business.
U.S.-source income generally includes pay for performances, endorsements, merchandise sales, and royalty or other income closely related to the event.
The corporations would have Maine source income and would be required to file in Maine, which some of them did.
Before you feel too sorry for Goosen, note that he treated only about 7% of his total endorsement income as U.S.-source income.
Moreover, by not requiring it to be reported to the IRS, lawmakers on Capitol Hill have effectively blocked foreign governments from taxing this U.S.-source income.
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They generally must pay U.S. income tax on their U.S.-source income.
Libertarians and conservatives, by contrast, explain that expatriation is the result of an onerous tax system that imposes high tax rates and requires the double taxation of foreign-source income.
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The exclusion has never applied to unearned U.S. source income of expatriates, mainly dividends and interest, although the exclusion frequently allowed these sources to be taxed at a lower marginal rate.
Expatriates who don't fit one of these narrow exceptions will owe U.S. income tax on a wide range of U.S. source income and estate and gift taxes on U.S. assets for ten years.
Banks would be required to report to the IRS any interest they pay to foreigners, but not so the US government can collect tax, but in order to let foreign governments tax this US-source income.
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Still, if you underreported income by large amounts, say, skimming off your cash business receipts, consider this: The IRS' criminal division has gone back to investigating tax cheats with legal source income, as opposed to just chasing white-collar swindlers and drug lords.
The tax dodge using foreign-source income also favours companies that do business in high-tax countries: it is not obvious that the American government should support the treasuries of those countries (or, indeed, those of the handful of Caribbean islands where 95% of the sham firms are located).
When you make the request, you must include your name, Social Security number, monthly income and source of income before military service, current monthly income, military rank, date you entered military service and date you are eligible for discharge.
So studies of wage, salary and labor income count this large source of income concentrated among the top income earners in the later years, but not in the earlier years, showing a large increase in inequality and in the incomes of the top earners over the years.
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The job is a source of income for the family and pride for Ryan.
This is probably your primary source of income, so make the most of it.
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From an enigmatic source of income, he bought a mansion near the woman he once loved.
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The new Medicare reimbursement coincided with urologists' loss of a major source of income.
Ads -- which are included in the redesign -- are Facebook's primary source of income.
We are not 10 years ago where TV is just another source of income.
Scam emails and infected websites still represent a major source of income for cyber criminals.
Two-thirds of women over age 65 rely on Social Security as their primary source of income.
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For each laid-off miner, up to ten dependants lose their chief source of income.
Tourism was the island's main source of income - the beaches had to be saved.
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