Under Which of the Following Scenarios Could Charles, a Citizen

question 92

Multiple Choice

Under which of the following scenarios could Charles, a citizen of England, be eligible to claim the "closer connection" exception to the substantial presence test in 2020?

• A)Charles spent 183 days in the United States in 2020 and has his tax home in England.
• B)Charles spent 183 days in the United States in 2020 and has his tax home in the United States.
• C)Charles spent 182 days in the United States in 2020 and has his tax home in England.
• D)Charles spent 182 days in the United States in 2020 and has his tax home in the United States.

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Definitions:

Convertible Bond

A type of bond that can be converted into a predetermined number of the issuer's equity shares at certain times during the bond's life, usually at the discretion of the bondholder.

Early Retirement

Choosing to retire before the traditional retirement age, often with eligibility for certain benefits.