PalacioHill

Paraguay Wrote:
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> I mean I think it is a hypothetical in that source
> is where the money is coming from, residence is
> where the couple was located.
>
> USA is often source of foreign income that taxes
> are collected on for external investors. Same as
> Europe to the USA. I don't get why the book says
> only 3 countries.

Ok again verbatim from the cFAI text( vol 2, pg 252): "the US is a notable exception given that both citizens (regardless of where resident) and residents are subject to US taxation on their worldwide income." clearly if ur a$$ gets taxed on worldwide income regardless of where ur located, it can't be source. Might be reading too much into this. Moving on...