John Dundon Enrolled Agent

With all the political rhetoric about borders and boundaries circulating these days by “news media” outlets, the fact of the matter is US Taxpayers are increasingly working and living abroad everyday.

With that trend comes the fact that taxpayers and tax practitioners alike find it difficult navigating the shoals of Foreign Earned Income Exclusions (FEIE) reported on Form 2555 and Foreign Tax Credits (FTC) reported on Form 1116 causing all sorts of brain damage along the way.

Today’s post dives into Foreign Tax Credit (FTC).

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