domestic – Foreign Tax Status Information Group (FTSIG)

DEFINITIONS: INTERNAL and EXTERNAL, DOMESTIC and FOREIGN terms

By ftsig-admin | February 19, 2025

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…

DEFINITIONS: “Domestic”

By ftsig-admin | July 26, 2024 |

EDITORIAL: DomesticS is the unspoken default scenario throughout the IRC. This confusion is deliberate. 26 U.S.C. 7701(a)(4): Domestic It’s very clear, by the context, that in the definition of “Domestic” in 26 U.S.C. §7701(a)(4), “United States” refers to United StatesGOV. The second usage is civil jurisdiction. The State can simply elect a domestic status. If either of the…