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| Name | How to File IRS Form 1116 for a Foreign Tax Credit on Compensation |
| Video Uploader | Video From Jason D. Knott |
| Upload Date | This Video Uploaded At 19-07-2023 20:00:11 |
| Video Discription | For other videos on the Foreign Tax Credit and Form 1116: How to file Schedule B of Form 1116: https://youtu.be/RuOQz7KLKII Adjustments for Qualified Dividends: https://youtu.be/Li9gLv_NmMI How to file Form 1116: https://youtu.be/hq6civEk3io Form 1116 and Form 1099-DIV: https://youtu.be/sh_WQizuP6c Form 1116 with Foreign Compensation: https://youtu.be/KKnlbJ_dUBE Form 1116 is filed by U.S. taxpayers to report foreign source income and claim a foreign tax credit against their U.S. tax liability. In this example, a U.S. taxpayer works in a foreign country and pays foreign income taxes. The U.S. taxpayer is also required to report those foreign source earnings on his Form 1040 and pay U.S. taxes on the same income. Form 1116 is filed to report his general category income and claim a foreign tax credit. For a larger database of tutorials, please visit our website and search for your question: https://knottlearning.com/ DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials. #Form1116 #ForeignTaxCredit #TaxCredits |
| Category | Education |
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