➡️ If you choose to take the foreign tax credit, and the taxes paid or accrued✔️
➡️Use the rate of exchange in effect on the date you paid the foreign taxes to the ✔️
➡️For this purpose, withholding tax includes any tax determined on a gross basis.✔️
➡️Need to know how to qualify for Foreign Tax Credit and avoid double taxation✔️
➡️high tax foreign countries, it may be preferable to use the Foreign Tax Credit alone.✔️
➡️ and excess profits taxes paid or accrued during your tax year to any foreign ✔️
