Basics of Foreign Tax Webinar

EVENT DESCRIPTION

United States taxpayers with multinational activities face potential exposure to double taxation - from the source country for the income item and the United States as their country of residence. Most often, the method to avoid double taxation from a residence country perspective is foreign tax credit utilization. This program will cover primary considerations in the context of the United States foreign tax credit system, including recent modifications to the system. We'll also discuss general considerations for double taxation purposes before delving into the FTC in detail, covering baskets for income items and offset opportunities. Lastly, we will talk about considerations to ensure tax credit availability is not mistakenly removed.