### Question
Can you define what U.S. liabilities means?


### Answer
**U.S. liabilities** is defined as the following in *26 U.S.C. § 884*:

> the liabilities of the foreign corporation treated as connected with the conduct of a trade or business in the United States under regulations prescribed by the Secretary

#### Citation:
  - *26 U.S.C. § 884*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter N-Tax Based on Income From Sources Within or Without the United States > PART II-NONRESIDENT ALIENS AND FOREIGN CORPORATIONS > Subpart B-Foreign Corporations**

