US Source Income definition
Examples of US Source Income in a sentence
Form 1042: The Company will file IRS Form 1042, "Annual Withholding Tax Return for U.S. Source Income of Foreign Persons," summarizing all amounts withheld and remitted to the IRS.
Is a withholding agent for taxes on non-wage income paid to an alien (i.e., individual, corporation, or partnership, etc.) Is an agent, broker, fiduciary, manager, tenant, or spouse who is required to file Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons Complete lines 1, 2, 3 (if applicable), 4a–5b, 7a–b (if applicable), 8a, 8b–c (if applicable), 9a, 9b (if applicable), 10, and 18.
Because Your participation in the Club may result in miscellaneous income from XWC, We may be obligated to provide You IRS FORM 1099-MISC (Miscellaneous Income) or 1042-S (Foreign Person’s US Source Income Subject to Withholding) and make the corresponding filing with the IRS.
If you are a foreign person who has provided your payer with Form W-8BEN, your payer instead will furnish a statement to you on Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, by March 15 of next year.
Prior to January 31 of each year during the term of this Agreement and during the year immediately following the expiration and/or termination of this Agreement, Licensee shall forward to Sega a copy of the Annual Withholding Tax Return for U.S. Source Income of Foreign Persons (Form 1042).
Seller shall report the Purchased Royalty Payments hereunder on Form 1042-S Foreign Person’s U.S. Source Income Subject to Withholding or other applicable form as royalties for United States federal, state and local income Tax purposes.
The amount of any payment subject to the withholding tax will be equal to (i) the amount (if any) of the payment that is treated as U.S. Source Income (as defined below) plus (ii) effective January 1, 2017, the amount of the payment not treated as U.S. Source Income multiplied by the ratio of the relevant Issuer's average U.S. assets to its average total assets as of specified testing dates.
To the extent a portion of any invoice reflects U.S. Source Income, Vopak will provide to BORCO a Form W-8 ECI or such other documentation as may be necessary that provides for a reduced rate of U.S. withholding Tax under an applicable income Tax treaty with the United States.
U.S. Source Income includes U.S. source interest, U.S. source dividends, or other U.S source periodic income (and proceeds from the sale of assets of a type that can produce U.S. source interest or U.S. source dividends).
Because Your participation in the Mas Points Rewards Program may result in miscellaneous income from Ouro, We may be obligated to provide You IRS FORM 1099- MISC (Miscellaneous Income) or 1042-S (Foreign Person’s US Source Income Subject to Withholding) and make the corresponding filing with the IRS.