About this Course
The focus of this course is on the foreign tax credit for individuals and corporations. The credit is intended to eliminate double taxation for citizens, residents, and domestic corporations that results from paying taxes abroad while being required to report worldwide income and pay taxes on this income in the United States. Upon completion of this course, the user should be able to: List the types of creditable taxes
Explain limitations on the foreign tax credit
Discuss special rules for Forms 1116 and 1118