Tax residence

Assignment Help Business Management
Reference no: EM133149436

Topic: Tax Residence

Problem 1.

a. Maria is a resident of Brazil. Maria was present in the U.S. for 360 days in 2019, 330 days in 2020, and 60 days in 2021. Maria does not have a Green Card. Is Maria a U.S. resident for U.S. tax purposes in 2021?

b. Same facts as in a. above, except that but Maria was a student and was studying in the U.S. on a student F-1 visa in 2019. Is Maria a U.S. resident for U.S. tax purposes in 2021?

Problem 2.

a. Ngasa Corp. is a corporation organized under the laws of Japan. Ngasa Corp. has an office in New York where the Executive Board meets to make management decisions for the company. Is Ngasa Corp. a U.S. resident for U.S. tax purposes?

b. Big Time Inc. is a corporation organized under the laws of Delaware. For its quarterly Executive Board meetings, the Big Time Inc. Executive Board flies by private jet to the Bahamas for a long weekend at a prestigious Luxury Resort and conducts its meetings to make management decisions for the company. Putting aside the ethics of the Executive Board's actions, is Big Time Inc. a U.S. resident for U.S. tax purposes?

Reference no: EM133149436

Questions Cloud

Current real-life examples of agency problems : Do some research and find some historical or current real-life examples of agency problems. Will the measures discussed in the text help to prevent problems lik
Principles of marketing by kotler and armstrong : What might be an example of "noise" (as defined in Principles of Marketing (18th edition) By Kotler and Armstrong (Chapter 14) in this chain of communications t
Average annual salary of graduates : What potential types of bias should you be aware of in each of the following scenarios, and what is the likely effect on the results?
What is the best decision : The the manufacturer can contract with a supplier in Asia to purchase the part at a cost of $30.00, which includes transportation. [Feel free to use Excel]
Tax residence : Maria is a resident of Brazil. Maria was present in the U.S. for 360 days in 2019, 330 days in 2020, and 60 days in 2021. Maria does not have a Green Card.
Managing an it system within a healthcare organization : Discuss an example of a Project Management strategy for managing an IT system within a healthcare organization.
Presentation of findings and strategies : Report should provide useful information for your company's Management Board. It should use a variety of resources, including the textbook, newspapers, industry
Identify your role as either leader or follower : Identify your role as either a leader or a follower. Discuss the impact your role would have on the situation and the team.
Phase zero-introducing new services at ideo : Building on the Case study of "Phase Zero: Introducing New Services at IDEO," which role do IDEO's culture and organizational processes play when delivering val

Reviews

Write a Review

Business Management Questions & Answers

  Explain campaign tools used in the promotional mix

Explain Locate the other campaign tools used in the promotional mix If the ad you selected is part of an integrated marketing communication campaign.

  What is the yield to maturity

The bond matures in 8 years and has a £1,000 face value. Currently, the bond sells at par. What is the yield to maturity?

  Analyze pay-for-performance and apply it to concepts learned

Analyze the topic and apply it to concepts learned to date. Apply concepts and research to student experience and experience of your employer.

  State of delaland has two types of town

The state of Delaland has two types of town. A towns are well-todo, and type B towns are much poorer. Being wealthier, A towns have more resources

  What are microsoft corporate social responsibility programs

What are Microsoft corporate social responsibility programs or initiatives in place to contribute to the community in some way?

  Financial service industry

Articulate your brand positioning in 3 words and give detail support reasoning for each of the 3 words, relating to the financial service industry.

  Read strategic management in action cases

a. Explain Kodak's driving forces, implications, and critical success factors of the business environments.

  What can you say about millennials

What can you say about Millennials? Do you agree about what they portrays? Why or why not?

  Explain or break down the case consolidated life

Can you explain or break down the case Consolidated Life?

  Create infographic using canva

Create infographic using Canva or any other graphic software?

  Strategic management in business level

Describe each of the four business-level strategies in your own words and with references to the text.

  Find its clean and dirty values at the end of each quarter

A $1,000 seven-year 6% bond with semiannual coupons is redeemable for $1,065. It was originally purchased at issue for $970. It is sold after 45 months for $995. Find the accrued interest by the practical method and again by the theoretical method..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd