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Do I have to pay tax in US from dividends received abroad?

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Do I have to pay tax in US from dividends received abroad?

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12/1/2012
MequonCPA
MequonCPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2,342
Experience: CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
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Hi and welcome to JustAnswer:
If you are a US citizen or resident alien, you must pay tax on your worldwide income unless specifically excluded. Dividends are not excluded.

If the dividends were taxable in the other country, you are allowed a credit for foreign taxes paid.
MequonCPA
MequonCPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2,342
Experience: CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
Verified
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