The issues with the FTC are when a taxpayer has too many credits that are carried over year after year which is generally bad because “credits are being wasted”.

Any research topic related to the Foreign Tax Credit(FTC).The FTC is a mechanical calculation. The issues with the FTC are when a taxpayer has too many credits that are carried over year after year which is generally bad because “credits are being wasted”. Likewise if a client has no credits then they are paying the […]