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Important
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For information call now:
(347) 989-4566
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Additional information
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Internal Revenue Service
Austin Service Center
ITIN Operation
P.O. Box 149342
Austin, TX 78714-9342
IN
1-800-829-1040
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Fixed or Determinable Income
The 30% (or lower treaty) rate applies to the gross amount of U.S. source fixed
or determinable annual or periodic gains, profits, or income.
Income is fixed when it is paid in amounts known ahead of time. Income is
determinable whenever there is a basis for figuring the amount to be paid.
Income can be periodic if it is paid from time to time. It does not have to be
paid annually or at regular intervals. Income can be determinable or periodic
even if the length of time during which the payments are made is increased or
decreased.
Items specifically included as fixed or determinable income are
interest (other than original issue discount), dividends, dividend equivalent
payments, rents, premiums, annuities, salaries, wages, and other compensation. A
substitute dividend or interest payment received under a securities lending
transaction or a sale-repurchase transaction is treated the same as the amounts
received on the transferred security. Other items of income, such as royalties,
also may be subject to the 30% tax.
If you sold, exchanged, or received a payment on a bond or other debt instrument
that was issued at a discount after March 31, 1972, all or part of the
original issue discount
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