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.

1. International Business
Tax Credits

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.

3. Learn more:
www.irs.gov/taxstats/bustaxstats/article/0,,id=212444,00.html

4. Contact Us Today!
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