Are foreign corporations subject to any U.S. income tax liabilities or any reporting requirements?
Foreign corporations incur U.S. income tax liabilities both on their U.S. trade or business profits and on their U.S. source non-business (investment-type) income. With regard to reporting requirements, foreign corporations are obligated to file tax form 1120F if the foreign corporation has any income subject to graduated tax rates, is claiming tax treaty benefits, or has had insufficient withholding on fixed or determinable, annual or periodic income.
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