Foreign Tax Credit - Limitations and Benefits 

Learning Objectives:
Participants will gain a practical understanding of the Foreign Tax Credit's formula and basic principles that relate to individuals and corporations. With useful formulas and relevant examples, this course will also provide an overview of the indirect foreign tax credit as well as the many limitations of the Foreign Tax Credit (FTC). At the conclusion of this session, you will be able to:

• Identify the basic principles of the Foreign Tax Credit and calculate FTC (e.g., What it is, FTC formula, Who may claim FTC)
• Define and calculate the Indirect Foreign Tax Credit
• Compare, contrast and apply the various limitation rules that apply to FTC

Devlivery Method:
Self-Study

Program Level:
Intermediate