If you have income from home-based boarders or home-stay students, you can use this worksheet (IR1255) to work out if you need to pay tax on the income.

About this Form A Branch Equivalent Tax Account (BETA) is a memorandum account used to prevent double taxation of attributed foreign income derived from an income interest of 10% or greater in a controlled foreign company (CFC). This form can be completed on-screen by typing content directly into the PDF document. Once you have completed…