ACC 568 Week 2 Assignment 1 client Letter ( Foreign Source Income Rules )
ACC 568 Week 2 Assignment 1 client Letter ( Foreign Source Income Rules )
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Assignment 1 : Client Letter
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