Form 1116
Form 1116 is used to claim the Foreign Tax Credit for taxes paid or accrued to foreign countries or U.S. possessions. This form helps taxpayers avoid double taxation on foreign income by allowing them to offset their U.S. tax liability.
Form 1116 is used to claim the Foreign Tax Credit for taxes paid or accrued to foreign countries or U.S. possessions. This form helps taxpayers avoid double taxation on foreign income by allowing them to offset their U.S. tax liability.
