Foreign Tax Credit, Form 1116
Generate the Foreign Tax Credit on Schedule B for foreign-source income that would normally be taxed by both the US and the country from which the income is derived.
Other videos in this category:
Use this three-year state tax comparison to help taxpayers understand differences between the current and preceding year state tax returns. [CC]
Calculate the taxable portion of the state refund carry to next year's return when the taxpayers is subject to AMT. [CC]
IRS Form 1099-K, Payment Card and Third-Party Network Transactions, is an IRS information return used to report certain payment transactions to improve voluntary tax compliance.