Deductions and credits of foreign corporations and nonresident aliens. Tax Desk 64,107 4667. Tax treaties Form 8833 . Tax treaties typically exempt or reduce U.S. tax on certain business, compensation and investment income. FTC O-15000 et seq.
Disclosure is waived for certain treaty-based return positions.
Gross income derived by an individual resident of a foreign country from the international operation of a ship or ships if such foreign country grants an equivalent exemption to individual residents of the United States. Gross income derived by an individual resident of a foreign country from the international operation of aircraft if such foreign country grants an equivalent exemption to individual residents of the United States. Income derived by a nonresident alien individual from a series E or series H United States savings bond, if such individual acquired such bond while a resident of the Ryukyu Islands or the Trust Territory of the Pacific Islands. The Secretary may provide that this subsection be applied separately with respect to income from different types of transportation. To the extent provided in regulations, a possession of the United States shall be treated as a foreign country for purposes of this subsection.