Video

  • 2 minutes

International Tax Forms- When to Use Forms 1116 and 1118

 
U.S. tax payers are subject us tax on the worldwide income and forms 1116 and 1118 are the forms you file to compute the amount of foreign tax credits the U.S. tax payer can claim against their U.S. source income. This video will provide a quick overview of when to use international tax forms 1116 and 1118.
Runtime: 2 minutes