Foreign Tax Credit – Form 1116
If you paid or accrued foreign taxes to a foreign country or U.S. possession and are subject to U.S. tax on the same income, you may be...
01
Nov
Insights
29
Oct
Comparison of Form 8938 and FBAR Requirements
The Form 8938 filing requirement does not replace or otherwise affect a taxpayer’s obligation to file FinCEN Form 114 (Report of Foreig...
27
Oct
Child Tax Credit
Important changes to the Child Tax Credit are helping many families get advance payments of the credit:
Half the total credit amou...
