ACC 568 Week 2 Assignment 1 client Letter ( Foreign Source Income Rules )
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Question 22 Even ideal cartels tend to be unstable because Question 23 In the Cournot duopoly model , each of the two firms , in determining its profit-maximizing price-output level , assumes that the other firm ' s ____ will not change . Question 24 Some industries that have rigid prices . In those industries , we tend to Question 25 In a kinked demand market , whenever one firm decides to lower its price , ===============================================
ACC 568 Week 2 Assignment 1 client Letter ( Foreign Source Income Rules )
Assignment 1 : Client Letter
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You are a CPA professional and are assisting a new client who is expanding a business that operates in the United States to having a global presence with operations in foreign countries . The new client is concerned about how he can mitigate the U . S . tax impact from revenue sourced in foreign countries . The client was advised by a friend that claims he did not have to pay any U . S . tax on income received from outside the U . S .
Use the Internet and your text to research the various rules regarding source rules for income and deductions .
Write a one to two ( 1-2 ) page paper in which you : 1 . Construct a letter to communicate to your client about the source rules for income and deductions and the circumstances that income received in foreign countries may or may not be taxed in the U . S .