Form 1116 Archives | EA Journal

Feature Article

The Creditability of Contemporaneously Paid Foreign Taxes

Taxpayers earning foreign source income can satisfy their foreign tax liabilities in one of several different ways depending on the character of the income earned, the taxpayer’s level of foreign activity... Anthony (“Tony”) Malick, EA

Spring 2024, Feature Article, income, foreign, international, Form 1116, Publication 514, §901(a), Revenue Ruling 71-517, Rev. Rul. 57-516, Revenue Ruling 70-425, §901, Rev. Rul. 59-101, Rev. Rul. 74-373

Timing the Creditability of Accrued Foreign Taxes

Feature Article

Timing the Creditability of Accrued Foreign Taxes

Compliance-oriented tax professionals are—in many cases, for very good reason—most likely to first turn toward material published by the Internal Revenue Service (IRS) via instructions to tax forms and various handbooks in the resolution of que... Anthony Malik, EA

May/June 2022, Feature Article, Form 1116, §905(a), foreign tax credit, Publication 514, Revenue Ruling 60-146

Tax News Briefs

Tax Season News You Can Use

Schedules K-2 and K-3 The Internal Revenue Service (IRS) has posted changes to the 2021 partnership instructions for Schedules K-2 and K-3 (Form 1065) on its website, www.ir... TheTaxBook

Mar/Apr 2022, Tax News Briefs, S Corporations, self-employment, property, partnership, mileage, Form 1040, Form 1065, foreign earned income exclusion, Schedule K-2, Schedule K-3, Form 1116, base erosion and anti-abuse tax, Form 1120-S, §250, §864(c)(8), §721(c), §7874, IRC §469, Regulation §1.469-1T(d)(1), IRC §1401, IRC §1402(a)(1), Regulation §1.1402(a)-4(c)(2), IRC §911(a), IRC §162(a)(2), Form 2555