Foreign Tax Credits
- Your client is a U.S.-based company that owns a foreign subsidiary. Your client understands that there are foreign tax credits of which they may be able to take advantage. Based on the e-Activity, recommend a strategy to optimize the use of foreign tax credits.
- You are an IRS auditor and are auditing the foreign tax credits taken by a taxpayer in order to determine if there was any abuse of the foreign tax credits taken. Suggest the most likely abuse of foreign tax credits and measures that the IRS can take to minimize lost revenue resulting from abuse.
Please make paragraph at least 1 or 2 long.
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Foreign Tax Credits was first posted on November 14, 2020 at 4:56 pm.
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