U.S. Persons (U.S. citizens and resident aliens):
• gross income (except certain income earned working outside the United States or derived from U.S. possessions); minus
• allowable deductions.
Nonresident Aliens:
• In general:
• tax on certain investment income from U.S. sources and on income effectively connected with a U.S. trade or business; minus
• allowable deductions.
• Exception: a nonresident alien married to a U.S. person (U.S. citizen or resident alien) may elect to be taxed as a U.S. person, as well.
Considering a Tax Professional? For no obligation free consultation contact us today!
Amare Berhie, Senior Tax Accountant
612-282-3200 Toll Free866-936-0430
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