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U.S. International Taxation: Foreign Tax Credits For Corporations (Currently Unavailable)

Author: Robert J. Misey, Michael S. Schadewald

CPE Credit:

5 hours for CPAs
5 hours Federal Tax Related for EAs and OTRPs
5 hours Federal Tax Law for CTEC

This course reflects the tax law before the enactment of TCJA.

This course explains U.S. tax rules for computing the foreign tax credit, including the foreign tax credit limitation, as well as the deemed foreign tax credit.

Note: This course does not contain audio.

Publication Date: February 2015

Topics Covered

U.S. International Taxation

Learning Objectives

Compute the foreign tax credit
Compute the deemed foreign tax credit
Determine whether it is more tax advantageous to claim a credit or deduction for foreign taxes paid
Discuss strategies to maximize foreign tax credits on Forms 1118

Level
Advanced

Instructional Method
Self-Study

NASBA Field of Study
Taxes (5 hours)

Program Prerequisites
CCH Learning Center course "U.S. International Taxation: Subpart F" or equivalent knowledge

Advance Preparation
None

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