When a US citizen or resident and his nonresident alien spouse have not elected to be...

When a US citizen or resident and his nonresident alien spouse have not elected to be taxed as if both had been citizens or residents for the entire year, which of the following statements is false?

A. Earned income is treated as the income of the spouse rendering the service.

B. Income derived from separate property of one spouse is attributed to that spouse.

C. Other community income is allocated by the community property laws of the domicile.

D. The couple may file separatety and split the total earned and other income,

Solutions

Expert Solution

Ans: Option D

Reason: As per IRS provsions for Non Resident alien spouse the assessee should file a joint return in the year of choice. In later years they can file a joint or separate returns but in the concerned year they should file a joint return.

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

What experience do you have with taxation here in the US as a citizen or resident...

What experience do you have with taxation here in the US as a citizen or resident alien? Are you subject to any of the taxes mentioned in the chapter? What surprised you about taxation in the US so far in the course? (100~150 words)

As a saudi citizen / resident, would you rather invest in a US government bond or...

As a saudi citizen / resident, would you rather invest in a US government bond or in a saudi private large corporation bond? Provide a detailed answer by discussing advantages and disadvantages of each option.

Fred is a U.S. citizen. His wife, Christina, is a in the US on a K1...

Fred is a U.S. citizen. His wife, Christina, is a in the US on a K1 Visa. Fred died in 2019. At the time of his death, he owned a life insurance policy on his life. It had a death benefit of $500,000 and cash value of $200,000. Christina is the beneficiary. What amount, if any, from this policy will included in Fred's gross estate? What amount, if any, will qualify for the unlimited marital deduction? Why?

Jerome is a resident citizen employed by TW corporation, Inc. He received the following from his...

Jerome is a resident citizen employed by TW corporation, Inc. He received the following from his employer during 2018: Basic compensation income P800,000 13th month pay 75,000 Productivity incentive pay 12,000 Christmas bonus 25,000 Uniform allowance 15,000 Actual medical allowance 10,000 Rice subsidy 24,000 compute taxable income?

describe the process how does people get elected from the voters(citizen) to he elected official.

As a general rule, a non-resident alien of a foreign corporation that conducts a U.S. trade...

As a general rule, a non-resident alien of a foreign corporation that conducts a U.S. trade or business will be subject in Internal Revenue Code Section 871(b)(1) and 882(a)(1) to the usual U.S. tax rates on net (i.e. taxable) income. The term “trade or business within the United States” is not defined in the Code. Do the regulations under Section 864 provide additional guidance?

Suppose that a foreign citizen and resident is considering immigration into the United States and owns...

Suppose that a foreign citizen and resident is considering immigration into the United States and owns both appreciated assets (value greater than basis) and depreciated assets (value less than basis) that she is thinking of selling. What practical tax planning steps should be suggested?

Interview Notes Martin is married, but did not live with or have contact with his spouse...

Interview Notes Martin is married, but did not live with or have contact with his spouse in 2017. He does not know where she is. He indicated on the intake sheet that he is not legally separated. Martin does not have children or any other dependents. Martin worked as a clerk and earned $36,000 in wages. He had no other income. In 2017, he took a computer class at the local university to improve his job skills. Martin has a...

Natsumi is a citizen and resident of Japan. She has a full-time job in Japan and...

Natsumi is a citizen and resident of Japan. She has a full-time job in Japan and has lived there with her family for the past 20 years. In 2017, Natsumi came to the United States on business and stayed for 240 days. She came to the United States again on business in 2018 and stayed for 120 days. In 2019 she came back to the United States on business and stayed for 120 days. Does Natsumi meet the U.S. statutory...

1.Carlson, a citizen and resident of Denmark, is a commodities dealer operating in Copenhagen. During the...

1.Carlson, a citizen and resident of Denmark, is a commodities dealer operating in Copenhagen. During the tax year, Carlson, by e-mail from her home office, purchased several carloads of wheat. She took title to the wheat in Minneapolis. The wheat was sold to the government of India, FOB New York City, where the wheat was placed aboard a Liberian flag vessel. Carlson has never been to the United States. While she has occasionally purchased U.S. commodities in the past, this...

Subjects