the Foreign Tax Credit is a way to lessen your U.S. tax liability and offset income taxes paid to other countries. Earning passive income doesn't need to be difficult. You can start this week.

Don’t wait for the tax season to be in full swing—start working on your U.S. expat tax return now and get a head start.

A common strategy many wealth management firms recommend is ensuring that as much as 30% of your portfolio includes foreign ...

The Eleventh Circuit Court of Appeals recently held that a life insurance company did not breach its fiduciary duties by retaining the benefits ...

U.S. taxpayers with foreign income face a complex interplay of tax obligations, including the potential to offset foreign taxes paid against their U.S. tax liability through the foreign tax credit ...

The Foreign Tax Credit applies to foreign income taxes on income also subject to U.S. taxation. Careful planning is needed to maximize these credits and align tax obligations with the host country ...

Adv. Sachin P. Kumar successfully represented his client in Foreign Tax Credit dispute before the Income Tax Appellate ...

Senate Finance Committee members will introduce legislation to stop companies from deducting or claiming credits on taxes ...

However, the Centralized Processing Center (CPC), Bangalore, denied the foreign tax credit on the ground that Form No. 67 was not filed within the prescribed due date. The NFAC upheld this decision, ...