A quarterly magazine from the National Association of Enrolled Agents
Winter 2024 vol.42 no.4
The Creditability of Contemporaneously Paid Foreign Taxes
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