The foreign tax credit can help mitigate the impact of the alternative minimum tax (AMT) for taxpayers with income taxed abroad. While the AMT limits certain deductions and credits, it does allow a ...

Under the Corporate Income Tax (CIT) law 1, a Resident Person, whether a juridical or natural person, is subject to tax on its worldwide income, including income derived from foreign sources. Foreign ...

The tax deadline for U.S expats was June 16, but there are some tax credits and deductions you can still claim if you're an American living abroad. Living overseas won’t let you off the hook from ...

Last week, President Donald Trump issued two Executive Orders (EOs) that address digital services taxes enacted by international trading partners and income taxes paid by US taxpayers to the People’s ...

In the wake of the news of state-aid investigations by the European Union and the EU’s order that Apple Inc. repay $14.5 billion in Irish tax breaks, the IRS announced in September that it intends to ...

The Court of Appeals for the Second Circuit upheld a lower court’s ruling that a taxpayer’s refund claim due to a change from the foreign tax credit to the foreign tax deduction was not timely.