$50.00 - Preparing Form 1116 Foreign Tax Credit textbook (2024) - Premium
$50.00 - Preparing Form 1116 Foreign Tax Credit textbook (2024) - Professional
$64.00 - Preparing Form 1116 Foreign Tax Credit textbook (2024) - Basic
$66.00 - Preparing Form 1116 Foreign Tax Credit textbook (2024) - Nonmember
This book is for preparing 2024 taxes. The general purpose of the foreign tax credit (FTC) is to mitigate the effects of double taxation on foreign-source income. More specifically, the FTC reduces the taxpayer´s U.S. tax attributable to foreign-source income by all or part of the foreign taxes paid or accrued during the tax year. This course gives tax professionals the knowledge they need to complete Form 1116, Foreign Tax Credit (Individual, Estate, or Trust), for eligible taxpayers, which helps them avoid paying double tax (once in the foreign country and again in the U.S.) on their foreign-source income.
Item Number: 24360
Level: Basic
Authors: NATP Staff
Published: 2024
Format: Print - 93 pages
Nonmembers – Join Now, Save More!
Get the e-book FREE when you purchase the corresponding 2024 course.