Income is "effectively connected" with the conduct of a U.S. business only if
A)the asset-use test is met.
B)the business activities test is met.
C)activities of the U.S. business are a material factor in the realization of the income.
D)Either A, B, or C can be correct.

Question

Quizplus · Accepted Answer

Income is considered "effectively connected" with the conduct of a U.S. business if it meets any of the following criteria: the asset-use test, the business activities test, or if the activities of the U.S. business are a material factor in the realization of the income.

Income Is "Effectively Connected" with the Conduct of a U