Which of the Following Is Incorrect Regarding Nondomiciliary Businesses

question 121

Multiple Choice

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.

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Definitions:

Servient Tenement

The property subject to an easement.

Right-of-Way

The legal right, established by usage or grant, to pass along a specific route through grounds or property belonging to another.

Positive Covenant

A clause in a contract that requires a party to take a specific action or comply with certain conditions.

Cedar Trees

A species of evergreen coniferous trees known for their durable, fragrant wood and various species around the world.