Pages tagged "FTC"
US Taxes Abroad (update for tax year 2024)
Posted
on Taxation
by Karl Jauch
· February 04, 2024 7:17 AM
Did you know that ACA is working to change the way US citizens overseas are taxed? Help support ACA's efforts to reform taxation for Americans living and working overseas. Join our organization or donate today!
You're a US citizen or a green card holder and you live somewhere outside the...
Court Rules that Foreign Tax Credits can be used to offset the Net Investment Income Tax (NIIT)
Posted
on Latest News
by Marylouise Serrato
· October 30, 2023 5:35 AM
A Federal Court decision was handed down on October 24, 2023 which will allow a US couple living in France to use the US-France tax treaty to claim foreign tax credits (FTC) against their net investment income tax liability (NIIT). The case, Christensen v. United States, argued...
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