foreign estate
Defined in 1 place of the United States Code.
The term “foreign estate” means an estate the income of which, from sources without the United States which is not effectively connected with the conduct of a trade or business within the United States, is not includible in gross income under subtitle A.
Source
- 1996–present26 U.S.C. § 7701Internal Revenue Code · Definitions · in this subtitle
The terms “foreign estate” and “foreign trust” mean an estate or trust, as the case may be, the income of which, from sources without the United States which is not effectively connected with the conduct of a trade or business within the United States, is not includible in gross income under subtitle A.
Source
- 1994–199626 U.S.C. § 7701Internal Revenue Code · Definitions · in this subtitle