The foreign tax credit can help mitigate the impact of the alternative minimum tax (AMT) for taxpayers with income taxed abroad. While the AMT limits certain deductions and credits, it does allow a ...

If you are a U.S. citizen or a resident alien, your income is subject to U.S. income tax, including any foreign income or income earned outside of the U.S. It doesn't matter if you reside inside or ...

In the wake of the news of state-aid investigations by the European Union and the EU’s order that Apple Inc. repay $14.5 billion in Irish tax breaks, the IRS announced in September that it intends to ...

You can never escape Uncle Sam. The U.S. and Eritrea are the only two countries in the world where taxes aren’t based on residency. That means no matter where Americans live, they’re subject to U.S.

The Joint International Tax Shelter Information Centre—an organization of tax administrators from Australia, Canada, the United Kingdom and the United States—recently focused on transactions by U.S.

If you live overseas and file U.S. taxes, you'll want to pay attention to the changes. There are provisions related to the ...

Foreign tax credit, or FTC, is a key provision in international taxation that helps residents avoid double taxation. When a taxpayer earns income abroad and pays tax in a foreign country, FTC allows ...