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. Research the various rules regarding source rules for income and deductions. Write a one to two (1-2) page paper in which you: 1.Construct a letter to communicate to your client about the source rules for income and deductions and the circumstances that income received in foreign countries may or may not be taxed in the U.S. 2.Make a recommendation to the client as to how to mitigate the U.S. tax impact from income received from outside the U.S. Provide facts to support your recommendation. 3.Use at least two (2) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources