Posts Tagged ‘domestic’
DEFINITIONS: INTERNAL and EXTERNAL, DOMESTIC and FOREIGN terms
The purpose of this article is to clarify standards surrounding the context and use of the terms INTERNAL, EXTERNAL, DOMESTIC, and FOREIGN. As we frequently say, the THREE things controlling the meaning of words, like in real estate, are always CONTEXT, CONTEXT, and CONTEXT. Much confusion results from not understanding how these terms are used…
Read MoreDEFINITIONS: “Domestic”
26 U.S.C. § 613A(e)(3) The term “domestic” refers to production from an oil or gas well located in the United States or in a possession of the United States. [EDITORIAL: Notice it says in the “United States”^G—not “in one of the 50 States or the District of Columbia”—not that there would be a well in…
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