US Source Income definition

US Source Income means income that is treated for US income tax purposes as being from sources within the United States.
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US Source Income means income that is treated for U.S. income tax purposes as being from sources within the United States.
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US Source Income means items of gross income from sources within the United States as determined under the Code and the Treasury Regulations thereunder.
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Examples of US Source Income in a sentence

  • There can be no assurance, however, that the Issuer's income (particularly any US Source Income it may derive) will not become subject to net income or withholding taxes in the United States or other countries as a result of unanticipated activities by the Issuer, changes in law, contrary conclusions by relevant tax authorities or other causes.

  • Every withholding agent shall file an income tax return on Form 1042, ‘‘An- nual Withholding Tax Return for U.S. Source Income of Foreign Persons,’’ (or such other form as the IRS may pre- scribe) to report chapter 4 reportable amounts (as defined in paragraph (d)(2)(i) of this section).

  • Generally, you must report the amount shown on Form(s) 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, box 2.

  • A withholding foreign partnership must file a return on Form 1042, ‘‘Annual Withholding Tax Return for U.S. Source Income of Foreign Persons,’’ and information returns on Form 1042– S, ‘‘Foreign Person’s U.S. Source In- come Subject to Withholding.’’ The withholding agreement may also re- quire a withholding foreign partnership to file a partnership return under sec- tion 6031(a) and partner statements under 6031(b), including for each U.S. partner to the extent required in the agreement.

  • Note: If any information corrected on Form 1042-S changes the information previously reported on Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, an amended Form 1042 will need to be filed.

  • For information on when an amended Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons is required, refer to the Instructions for Form 1042.If an information return was successfully processed by the IRS and you identify an error with the file after the IRS accepted the file (Good/Released), you need to submit an amended return.

  • There can be no assurance, however, that the Issuer's income (particularly any U.S. Source Income it may derive) will not become subject to net income or withholding taxes in the United States or other countries as a result of unanticipated activities by the Issuer, changes in law, contrary conclusions by relevant tax authorities or other causes.

  • Notwithstanding the preceding sentence, any person that withholds or is required to withhold an amount under sections 1441, 1442, 1443, or § 1.1446–4(a) (applicable to publicly traded partnerships required to pay tax under section 1446 on distributions) must file a Form 1042–S, ‘‘Foreign Per- son’s U.S. Source Income Subject to Withholding,’’ for the payment with- held upon whether or not that person is engaged in a trade or business and whether or not the payment is an amount subject to reporting.

  • If you’re a foreign person who has provided CalSTRS with Form W-8BEN, CalSTRS instead will furnish a statement to you on Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, by March 15 of the following year.

  • Except as otherwise provided in paragraph (d)(4) of this section or in the instructions to Form 1042–S, every withholding agent must file an information return on Form 1042–S, ‘‘Foreign Person’s U.S. Source Income Subject to Withholding,’’ (or such other form as the IRS may prescribe) to report to the IRS chapter 4 reportable amounts as described in paragraph (d)(2)(i) of this section that were paid to a recipient during the preceding calendar year.

Related to US Source Income

  • own-source revenue means adjusted underlying revenue other than revenue that is not under the control of council (including government grants)

  • Business income means income arising from transactions and activity in the regular course of the taxpayer's trade or business and includes income from tangible and intangible property if the acquisition, management, and disposition of the property constitute integral parts of the taxpayer's regular trade or business operations.

  • Nonbusiness income means all income other than business income.

  • Disposable income means that part of the income due and payable of any individual remaining

  • Moderate income means more than 50 percent but less than 80

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • Program Income means gross in- come earned by the recipient that is di- rectly generated by a supported activ- ity or earned as a result of the award (see exclusions in § 215.24(e) and (h)). Program income includes, but is not limited to, income from fees for serv- ices performed, the use or rental of real or personal property acquired under federally-funded projects, the sale of commodities or items fabricated under an award, license fees and royalties on patents and copyrights, and interest on loans made with award funds. Interest earned on advances of Federal funds is not program income. Except as other- wise provided in Federal awarding agency regulations or the terms and conditions of the award, program in- come does not include the receipt of principal on loans, rebates, credits, dis- counts, etc., or interest earned on any of them.

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.

  • Moderate-income household means a household with a total gross annual household income in excess of 50 percent but less than 80 percent of the median household income.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Household income means the combined income of the members

  • Total income means total income as defined in section 10;

  • Non-Income Tax means any Tax other than an Income Tax.

  • Adjusted gross income means that term as defined in section 62 of the internal revenue code of 1986.

  • Disposable earnings means that part of the earnings of an

  • U.S. Source Withholdable Payment means any payment of interest (including any original issue discount), dividends, rents, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, and other fixed or determinable annual or periodical gains, profits, and income, if such payment is from sources within the United States. Notwithstanding the foregoing, a U.S. Source Withholdable Payment does not include any payment that is not treated as a withholdable payment in relevant U.S. Treasury Regulations.

  • Non-Income Tax Return means any Tax Return relating to Taxes other than Income Taxes.

  • Qualifying Income Gross income that is described in Section 856(c)(2) or 856(c)(3) of the Code.

  • Family income means all income that is included in a determination of family income under section 143(f) of the internal revenue code, 26 USC 143(f), together with the income of all adults who will reside in the residence, which income might otherwise be excluded from consideration because the individual was not expected to both live in the residence and be primarily or secondarily liable on the mortgage note.

  • Nonqualifying Income means any amount that is treated as gross income for purposes of Section 856 of the Code and which is not Qualifying Income.

  • M&O Revenue means (i) those revenues which the District receives from the levy of its annual ad valorem maintenance and operations tax pursuant to Section 45.002 of the TEXAS EDUCATION CODE, or other lawful authority, and Article VII § 3 of the TEXAS CONSTITUTION, plus (ii) all State revenues to which the District is or may be entitled under the applicable provisions of the TEXAS EDUCATION CODE or any other statutory provision as well as any amendment or successor statute to these provisions, as applicable, less

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Core Earnings means, with respect to any Person for any period, net income determined in accordance with GAAP of such Person and its consolidated subsidiaries and excluding (but only to the extent included in determining net income for such period) (i) non-cash equity compensation expense, (ii) the expenses incurred in connection with the formation of the Sponsor and the offering in connection therewith, including the initial underwriting discounts and commissions, (iii) acquisition costs from successful acquisitions (other than acquisitions made in the ordinary course of business), (iv) real property depreciation and amortization, (v) any unrealized gains or losses or other similar non-cash items that are included in net income for the current quarter, regardless of whether such items are included in other comprehensive income or loss, (vi) extraordinary or non-recurring gains or losses and (vii) one-time expenses, charges or gains relating to changes in GAAP; provided that Core Earnings shall, solely with respect to the Core Earnings attributable to any Non Wholly-Owned Consolidated Affiliate, only include the Consolidated Group Pro Rata Share of such attributable amount.

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Intangible income means income of any of the following types: income yield, interest, capital gains, dividends, or other income arising from the ownership, sale, exchange, or other disposition of intangible property including, but not limited to, investments, deposits, money, or credits as those terms are defined in Chapter 5701. of the Ohio Revised Code, and patents, copyrights, trademarks, trade names, investments in real estate investment trusts, investments in regulated investment companies, and appreciation on deferred compensation. "Intangible income" does not include prizes, awards, or other income associated with any lottery winnings, gambling winnings, or other similar games of chance.