Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Foreign Tax Credit Workout

Workout Resources

Publication 4491 Foreign Tax Credit

This lesson provides links to resource materials and practice to help you assist taxpayers who may be eligible for the Foreign Tax Credit (FTC). Begin this lesson by reviewing the Foreign Tax Credit lesson from Publication 4491.

Based on your certification path use your resource materials to apply what you've learned in the Foreign Tax Credit lesson:

  • Determine which taxes and types of foreign income are eligible for the foreign tax credit
  • Compute the credit accurately using Form 1116 (International Certification)
  • Calculate and report the foreign tax credit as a nonrefundable credit

The first topic of this lesson, Election To Claim Foreign Tax Credit Without Filing Form 1116, is for the Advanced certification track. The rest of the lesson covers Form 1116 and is for International certification only.

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