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IRS Form 1116: How To Claim The Foreign Tax Credit (With Examples) | TaxConnections IRS Form 1116: How To Claim The Foreign Tax Credit (With Examples)
When talking about US taxes and taxation of US citizens who live abroad, you may have heard of the Foreign Tax Credit. A U.S. citizen or resident alien who pays income taxes in another country can claim a tax credit against their U.S. federal income tax bill to avoid double taxation, ensuring they are not IRS Form 1116: How To Claim The Foreign Tax Credit (With Examples)