Discussion:US corporation foreign income tax treatment
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Discussion Forum Index --> Basic Tax Questions --> US corporation foreign income tax treatment
Discussion Forum Index --> Tax Questions --> US corporation foreign income tax treatment
| 3 November 2009 | |
| I have a client that has a US corporation. Recently, the corporation engaged some business activities in Asia. Per client, these activities will bring in some substantial commissions (over 3 mil USD) for the corporation. All activities occurs in oversea. I want to know what is tax treatment or reporting requirement for these oversea commissions. Any reference or input is very much appreciated. | |
| 3 November 2009 | |
| The commissions are taxable income. See Code section 61 ("all income from whatever source derived . . . "). | |
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