Conrad is a citizen and resident of Trinidad. He receives an $8,000 dividend from Sturino Industries, a

Question:

Conrad is a citizen and resident of Trinidad. He receives an $8,000 from Sturino Industries, a U.S. domestic corporation.
a. What is the tax treatment of the Under what circumstances would the not be taxable?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...