Information For...

For you and your family
Standard mileage and other information

Forms and Instructions

Individual Tax Return
Request for Taxpayer Identification Number (TIN) and Certification
Single and Joint Filers With No Dependents
Employee's Withholding Allowance Certificate

 

Request for Transcript of Tax Returns
Employer's Quarterly Federal Tax Return
Installment Agreement Request
Wage and Tax Statement

Popular For Tax Pros

Amend/Fix Return
Apply for Power of Attorney
Apply for an ITIN
Rules Governing Practice before IRS
Breadcrumb Region

Foreign Tax Credit

International Tax Gap Series

Foreign tax credits allow U.S. taxpayers to avoid or reduce double taxation. You may choose to take a deduction for foreign taxes paid instead of choosing a credit. In most cases, it is to your advantage to take foreign income taxes as a tax credit.

Refer to the Foreign Tax Credit page for more details.

References and Links
For more information on claiming a foreign tax credit, the following information is available:

International Taxpayer

Foreign Tax Credit Compliance Tips

How to Figure the Foreign Tax Credit

Publication 514, Foreign Tax Credit for Individuals

Publication 901, U.S. Tax Treaties

Form 1116, Foreign Tax Credit, and Instructions

Form 1118 Foreign Tax Credit - Corporations, and Instructions

 

Return to:  
The International Tax Gap Series