There’s a lot of confusion about how foreign tax credits (FTCs) work when computing US tax liability. Questions about FTC come up regularly in our Facebook group, so it’s time to publish a quick primer that covers the basic concepts of FTC computation. Note that this post is necessarily a simplification of what is a very complex topic.
Continue reading “So, how do Foreign Tax Credits work???”
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Let's Fix the Australia/US Tax Treaty!
The Australia/US tax treaty needs urgent revision to prevent double taxation