Tag: foreign tax credit

Foreign Tax Credit Audit | SDG Accountant

A foreign tax credit is available to any taxpayer who has been a resident of Canada and earned worldwide income at any time during the tax year. The income can... Read More

Form 1116 foreign tax credit is a non-refundable credit based on the tax payable to foreign countries. Consider, for instance, a U.S. citizen abroad who never filed a tax return.... Read More