Tax and Trade Guide: United States

accounting addition adjusted gross income air miles amount applied assets banks basis capital gain capital losses citizen or resident compensation contract corporation or nonresident corporation's December 31 deduction depreciation determined distribution dividends effectively connected election employee estimated tax exchange exemption Federal government Federal Reserve Federal Reserve System financing foreign corporation gain or loss income tax return interest Internal Revenue Code Internal Revenue Service investment income itemized deductions labor legislation limited maximum method nonresident alien individual ordinary income paid partnership payments period personal holding company profits purchase qualified received regulations reported resident alien individual rules shareholders shares Small Business specific standard deduction Tax Imposed tax liability tax purposes tax rates tax treaties taxable income taxpayer trade or business transaction treated trust types U.S. citizens U.S. corporation U.S. income tax U.S. source U.S. tax U.S. trade United usually withholding