You can claim a credit only for foreign taxes that are imposed on you by a foreign country or US possession. Generally, only income, war profits and excess profits taxes qualify for the credit.
2. The Corporate Foreign Tax Credit was put into
place prior to the American Jobs Creation Act.
This also includes credit business expenses and
work opportunities.
Mckenzie Chase is happy to work on a “no result, no fee” basis to capture your tax credit savings. That’s zero financial risk for you, 100% financial risk for MCM… that’s how we like it. Mckenzie Chase’s services have been contingency based for over 30 years.