inbound taxation questions True / False Questions Service revenue is sourced based on the location in which...

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inbound taxation questions
True / False Questions
Service revenue is sourced based on the location in which suchservices are rendered.
Income tax treaties can generally only result in an increase inthe amount of U.S. tax due.
The purpose of the foreign tax credit is to reduceinternational double taxation.
Under present law, a trust is considered a US person only if aUS court has primary supervision over the trust’s administrationand US persons have the authority to control all substantialdecisions of the trust.
Fixed or determinable, annual or periodical income from foreignsources is subject to Internal Revenue Code section’s 1441 and1442.

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1 True Service revenue is source based on the location in which service are rendered Explanation The place where the personal services are performed generally determines the source of the personal service income regardless of where the contract was made or the place of payment or the residence See Answer

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