International Tax Planning and Research Acc 565-Chapter 4

International Tax Planning and Research Acc 565-Chapter 4 -...

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Unformatted text preview: International Tax Planning and Research Acc 565 Homework Chapter 4 9. How would the U. S. tax have been imposed for tax years prior to the effective date of Section 879? According to CCH Tax Law editors, the U. S. imposed taxes prior to section 879 was the 1984 Deficit Reduction Act of 1984 which states In case a citizen or resident of the United States is married to a nonresidential alien individual and who has community income for the taxable year, such community income should be treated as income to the spouse who performed the personal service. It further states that whether it be trade or business income, or even a partnership distribution shall be treated as the income of the spouse who provided the service. Is there a class of U. S. taxpayers who might have benefitted from the change? Yes, under the amended version of the 1984 Deficit Reduction Act which is known as Section 879? It states that earned income other than trade or business income, and partners distributive share of the...
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This note was uploaded on 10/22/2011 for the course ACCOUNTING ACC565 taught by Professor Lindachess during the Spring '10 term at Strayer.

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International Tax Planning and Research Acc 565-Chapter 4 -...

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