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Get 280g Nonresident Form

Section 280G b 5 A i refers to a small business corporation as defined in section 1361 b but without regard to paragraph 1 C thereof. A small business corporation as defined in section 1361 b must be a domestic corporation and section 1361 b 1 C merely addresses the existence of a nonresident alien as a shareholder. Treasury and the IRS do not believe that they have the authority to preclude application of the excise tax to a nonresident alien un.

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