Hellow guys, Welcome to my website, and you are watching Form 1116 - Foreign Tax Credit. and this vIdeo is uploaded by US Tax Practice Switzerland at 2017-03-24T03:07:36-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Form 1116 - Foreign Tax Credit |
| Video Uploader | Video From US Tax Practice Switzerland |
| Upload Date | This Video Uploaded At 24-03-2017 10:07:36 |
| Video Discription | Form 1116 - Foreign Tax Credit - Patrick Evans CPA, CGMA, takes you through the Foreign Tax Credit in detail. SHARE this video: https://youtu.be/tcJrqZAKHso SUBSCRIBE to our YouTube channel for news and updates tips on US Tax: http://www.youtube.com/channel/UCgEa_skdgaL32KH1ktXXhOQ?sub_confirmation=1 WEBSITE: http://www.USTaxPractice.com 1:07 The purpose of the foreign tax credit is take a credit for the income taxes you pay or owe in a foreign country. 01:29 The first section of the form is to enter your name and identifying number (SSN or ITIN). Below that you need to enter the type of income for which you are taking the credit. 03:05 Part I Now the fun begins Part I and in line G you need to enter the foreign country initials or name of whom imposed the taxes. 04:28 Part II In part II you need to enter the amount of foreign taxes paid or accrued during the year. Please note that you can select either the paid method (cash method of accounting) or accrued method (accrued method of accounting). 05:13 Part III This section is used to calculate the credit amount. 07:52 Part IV is the summary of credits from separate parts III. This section is used to summarize all the foreign tax credits taken for each type of foreign income. WATCH OUR FULL TAX FORMS VIDEO SERIES https://www.youtube.com/playlist?list=PLKEUCurmGJ41eLyWjbo1w-0mdPyCplGHL FOLLOW US: Facebook https://www.facebook.com/USTaxPractice Twitter https://twitter.com/US_Tax_Practice Google+ https://plus.google.com/+USTaxPractice LinkedIn http://www.linkedin.com/company/us-tax-practice SUBSCRIBE to our YouTube channel for updates and tips on US tax news: http://www.youtube.com/channel/UCgEa_skdgaL32KH1ktXXhOQ?sub_confirmation=1 CALL US for a free consultation. +41 (0) 52 533 45 81 US Tax Practice Switzerland Burghaldenstrasse 19, 5600 Lenzburg, Switzerland http://www.USTaxPractice.com |
| Category | News & Politics |
| Tags | US Tax | USA Tax | US Tax Switzerland | Expatriation | FBAR | Foreign bank Account reporting | US Tax Preparation Switzerland | Tax Preparation | us tax services switzerland | american tax preparation services | tax back usa | us tax accountant | tax return preparation services | expatriate tax preparation | preparing tax returns | us expat tax preparation | preparing tax return | tax returns preparation | us taxes for expats | income tax preparation | foreign tax credit | form 1116 |
