Changes to documenting and calculating the foreign tax credit
- Aug. 25, 2022
The updated regulations have changed what qualifies as a creditable tax, along with some additional changes that limit the ability to take the credit. Our international tax experts will walk through these changes and discuss what taxpayers need to know to stay up to date.
- Identify taxes that are eligible for the foreign tax credit (FTC)
- Understand the 901 cost attribution and cost recovery rules, and the 903 withholding tax requirements
- Develop some next steps an organization can take to help ensure its international tax plans are up to date