Course Description: This is the first course in a series of four courses covering the foreign tax credit. This first basic level course covers the eligibility of taxpayers for the Foreign Tax Credit (FTC). The focus will be on the FTC as it applies to individual taxpayers, corporations, and other entities.

This course explores the concepts essential to determining whether a taxpayer is eligible to take the foreign tax credit. Other courses in the series explore limitations on the FTC, the indirect FTC, and the impact of gains and losses on the FTC.

Other courses in the series cover the limitation, modifications for capital gains and losses and the section 902 credit and will be released later in 2013.

Course Level: Basic

Course Prerequisites: None

Delivery Method: Self-study

Published: 04/29/2013

After completing this course, you will be able to:

• Determine which taxpayers are eligible for the credit;
• Determine which foreign taxes are creditable; Anticipate issues that can arise from the timing or nature of foreign taxes that could negatively impact the creditability of those taxes.

CPE

1

CLE

N/A