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Old 08-22-2008, 10:59 AM
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What does the IRS mean by the term "United States Person" ?

It is imortant to understand that the U.S. tax law "treats U.S. persons and foreign persons differently for tax purposes." So, what does the IRS really mean by the term "United States Persons"?

Well, the IRS tax code has specifically defined the term ''United States person'' as meaning any of the following:

1. A citizen or resident of the United States.

2. A domestic partnership.

3. A domestic corporation.

4. Any estate other than a foreign estate.

5. Any trust if:
a.A court within the United States is able to exercise primary supervision over the administration of the trust, and

b. One or more United States persons have the authority to control all substantial decisions of the trust

6. Any other person that is not a foreign person.


Click the Link below for a definition of "What the IRS means by the term "Foreign Person?"

What does the IRS mean by the term "Foreign Person" ?

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Last edited by TaxGuru : 08-22-2008 at 11:06 AM.


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