Page 63 - International Taxation IRS Training Guides

Individual Creditability of FTC

Requirements
 Foreign Tax Creditability

must have paid or accrued the tax
1. Taxpayer

must be imposed on the taxpayer by a foreign
2. The tax
possession of the U.S.
country or

3. The tax
must be the legal and actual foreign tax liability

4. The tax
must be an income tax or a tax imposed in lieu of
an income tax

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