effectively connected income

(4) Definitions For purposes of this subsection— (A) Foreign trade income; exempt foreign trade income The terms “foreign trade income” and “exempt foreign trade income” have the respective meanings given such terms by section 923. (B) Effectively connected income The term “effectively connected income” means any income which is effectively connected (or treated as effectively connected) with the conduct of a trade or business in the United States and is subject to tax under this chapter. Such term shall not include any foreign trade income. (C) FSC The term “FSC” has the meaning given such term by section 922.


26 USC § 245(c)(4)

Scoping language

For purposes of this subsection
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