Glossary · IRC §901 · 26 U.S.C. §901
Foreign Tax Credit
Foreign Tax Credit (Section 901) — Prevents double taxation of foreign-source income by crediting foreign income taxes against U.S. liability.
In The Guide
This section is treated in Chapter 4. The published chapter summary is the source of the definition above. The full reasoning, citations, and worked examples are in the book.
Related In This Chapter
- IRC §21 — Child and Dependent Care Credit
- IRC §24 — The Child Tax Credit
- IRC §25A — Education credits
- IRC §25B — Saver's Credit
- IRC §25C — Energy Efficient Home Improvement Credit
- IRC §25D — Residential Clean Energy Credit
Cite as: Diaz, Paul D. THE TAX CUTTERY® Guide to Federal Income Taxation, Professional Edition, Chapter 4: Credits — Direct Offsets to Tax. IRC §901 (26 U.S.C. §901). taxguide.tax/irc/901
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