How is taxable income computed?

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U.S. Persons (U.S. citizens and resident aliens):• gross income (except certain income earned working outside the United States or derived from U.S. possessions);      minus• allowable deductions. Nonresident Aliens:• In general: • tax on certain investment income from U.S. sources and on income effectively connected with a U.S. trade or business;      minus•  allowable deductions. • Exception: a nonresident alien married to a U.S. person (U.S. citizen or resident alien) may elect to be taxed as a U.S. person, as well.Considering a Tax Professional? For no obligation free consultation contact us today!ABA Tax AccountingAmare Berhie, Senior Tax Accountantamare@abataxaccounting.com612-282-3200 Toll Free866-936-0430http://www.abataxaccounting.comwww.abatax81.blogspot.comwww.abataxaccounting.wordpress.com