Which of the following is incorrect regarding nondomiciliary businesses?
A) Subject to tax only where nexus exists.
B) A business cannot be nondomiciliary where headquartered.
C) A business can be nondomiciliary in only one jurisdiction.
D) Subject to tax only where a sufficient connection exists.

Question

Quizplus · Accepted Answer

A business can be nondomiciliary in multiple jurisdictions, not just one, as long as it meets the criteria for being considered nondomiciliary in those places.

Which of the Following Is Incorrect Regarding Nondomiciliary Businesses