Foreign Tax Credits: Form 1116 and Form 1118

Author: Barbara Weltman

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

The focus of this course is on the foreign tax credit for individuals and corporations.

Publication Date: October 2015

You can view the on-demand webinar at your own pace. In addition, supporting materials are available for download. You can view the program at any time and as often as you like. You have access to the recording for one year from date of purchase.

Topics Covered

  • Foreign Taxes Eligible and Not Eligible for Foreign Tax Credits
  • Details About the Foreign Tax Credit
  • Form 1116
  • Form 118
  • Credit Vs. Deduction
  • Special Issues
  • Ancillary Issues including Tax Treaties

Learning Objectives

  • List the types of creditable taxes
  • Explain limitations on the foreign tax credit
  • Discuss special rules for Forms 1116 and 1118



Instructional Method

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

Registration Options

Regular Fee$49
Value Pass Fee$0

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