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In a kinked demand market, whenever one firm decides to lower its price, =============================================== ACC 568 Week 2 Assignment 1 client Letter (Foreign Source Income Rules) FOR MORE CLASSES VISIT www.acc568papers.com Assignment 1: Client Letter You are a CPA professional and are assisting a new client who is expanding a business that operates in the United States to having a global presence with operations in foreign countries. The new client is concerned about how he can mitigate the U.S. tax impact from revenue sourced in foreign countries. The client was advised by a friend that claims he did not have to pay any U.S. tax on income received from outside the U.S. Use the Internet and your text to research the various rules regarding source rules for income and deductions.