Calabra, S.A., a Peruvian corporation, manufactures inventory in Peru. The inventory is sold to independent distributors in
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Calabra, S.A., a Peruvian corporation, manufactures inventory in Peru. The inventory is sold to independent distributors in the United States, with title passing to the purchaser in the United States. Calabra has no employees or operations within the United States. All sales activities are conducted via telephone and Internet communication between Calabra's home office and its U.S. customers. Explain whether Calabra incurs any income effectively connected with a U.S. trade or business.
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Calabra has no effectively connected income ECI ...View the full answer
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Related Book For
South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts
ISBN: 1389
41st Edition
Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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