Which of the following is incorrect regarding nondomiciliary businesses?
A)Subject to tax only where income tax nexus exists.
B)A business cannot be nondomiciliary where it is headquartered.
C)A business can be nondomiciliary in only one jurisdiction.
D)Subject to tax only where a sufficient connection exists.

Question

Quizplus · Accepted Answer

Nondomiciliary businesses can be nondomiciliary in multiple jurisdictions, not just one. They are considered nondomiciliary in any jurisdiction where they do not have their primary place of business or domicile but still conduct business activities, provided they meet certain criteria for nexus or connection to that jurisdiction.

Which of the Following Is Incorrect Regarding Nondomiciliary Businesses