Foreign Tax Credit Archives - Page 2 of 4 - FREE Yourself from IRS Problems

Shamsey Oloko December 9, 2016 Foreign Corporations, Foreign Tax Credit, Tax Legislation, Tax News 0

France Promises 1 Billion Euro Tax Cut In 2017

In September 2015, French President Francois Hollande promised households a 1 billion-euro ($1.1 billion) tax cut next year. Why such benevolence? Hollande’s government was attempting to make up for the glut of gross domestic product (GDP) that was taken by…

Shamsey Oloko November 10, 2016 Foreign Tax Credit 0

Which One Should I Use? The Foreign Housing Deduction? Or Exclusion?

In addition to the foreign earned income exclusion, taxpayers may also claim an exclusion or a deduction from gross income for an expenditure for housing if the home of the tax is in a foreign country and they qualify for the…

Shamsey Oloko November 8, 2016 FATCA, FBAR, Foreign Earned Income, Foreign Tax Credit 0

Claiming The Foreign Tax Credit With Or Without Filing Form 1116

Form 1116 relates to foreign tax credits, which are intended to affect taxpayers living abroad. These credits benefit foreign taxpayers by reducing the double tax burden that arises when foreign source income is taxed by both the United States and the…