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…
This is the last part of a three part series of blogs on IRS payment arrangements. While most taxpayers utilize an installment agreement to pay their tax debt, other payment arrangements exist for taxpayers to utilize in the settlement of…
This is part two of a series of blogs on IRS payment arrangements. Most taxpayers utilize an installment agreement to pay their tax debt for obvious reasons. Such an arrangement allows monthly intermittent payments at an affordable amount, while addressing…
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