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Form 1116: what description should I use on Line 1a for
Form 1116: what description should I use on Line 1a for claiming the foreign tax credit on earned income. Should I put "wage" See attach… read more
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I have a client who received a Form NR4 -Lump-sum payment
I have a client who received a Form NR4 -Lump-sum payment from a Canadian Registered Retirement Plan (RRSP)e some questions as to the tax ramifications. She is Resident of the United States. … read more
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Anne, We are retired and live in France. We pay US taxes on
Hello Anne, We are retired and live in France. We pay US taxes on our pensions, of course. But, we are required to pay French taxes over our US pension income. To avoid double taxation we were told to… read more
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On a K-1 for a 1065, what is the difference between lines
On a K-1 for a 1065, what is the difference between lines 16B and 16C? Which amount goes on Form 1116?… read more
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Robin,I have a client who have a Danish Pension and paid
Hi Robin,I have a client who have a Danish Pension and paid taxes on it, how do I report a Danish Pension on the Form 1040? Is there any other filing requirements to report the Danish Pension?This is … read more
Robin D.
Robin D.
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I own several ADR's which pay foreign dividends and have foreign
I own several ADR's which pay foreign dividends and have foreign tax withheld. When I fill out form 1116 to claim foreign tax, can I list them all together under "RIC" for the country (the way you can… read more
Robin D.
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I am filing the 2014 taxes and am unclear on how to calculate
Hi, I am filing the 2014 taxes and am unclear on how to calculate the amount for line 10 on form 1116. My carryback to 2013 is 69 $ and 712 for 2003 to 2012. I read your previous answers, but it did n… read more
Dr Arthur Rubin
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I am resident alien with my primary source of income originating
I am resident alien with my primary source of income originating outside the US. I am stock-holder in a foreign company [Dominican Republic], along with being a salaried employee. I have my green card… read more
Lev
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Canadian citizen, US permanent resident. Withdrew RRSP from
Canadian citizen, US permanent resident. Withdrew RRSP from Canadian bank for 2013 and this money was the only source of living in 2013. The taxes withheld by Canada was 25%. Completed 1040 for 2013, … read more
Lev
Lev
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Good Morning Lev, this is my question, US Resident also aCanadian
Good Morning Lev, this is my question, US Resident also aCanadian Citizen received a NR4 for $23328 and taxes taxes withheld in the amount of $5179 ($us) or ($5832 Can). The Code on NR4 is O2. I conta… read more
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Lev
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I am helping a relative fill out their 1040 tax form for 2012
I am helping a relative fill out their 1040 tax form for 2012 and need help filling out form 1116 - Foreign Tax Credit. They are US citizen, resident of foreign country. They have rental property outs… read more
Anne
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I am new tax prepare and need your help how can prepare the
I am new tax prepare and need your help how can prepare the tax return. My Client income : W-2 $ 37 K (employment in USA -Reported on W-2) and Pension from United Nations $ 20 K no form 1099 R (report… read more
Lev
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I have a tax statement for an ETF in Australia (and Im a dual
I have a tax statement for an ETF in Australia (and I'm a dual citizen living in Australia). This includes Franked and Unfranked dividends, franking credits (since the tax already paid is passed throu… read more
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my again question. i was trying to fill my husband tax return
my again question. i was trying to fill my husband tax return by programes online and in all when i marked he had incomes from foreign country(365 days)-he is bonafide resident in Poland) including se… read more
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Filling out form 1116. Need explanation for a carryover.
I am filling out form 1116 and I am unclear on how to calculate my carryover amount for line 10. Can you please explain how my last year's carryover was 126,426. Thank you… read more
Dr Arthur Rubin
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I work in the film industry and I worked in Vancouver BC in
I work in the film industry and I worked in Vancouver BC in 2007 and 2008. I have received a T4A-NR non resident for taxes that were withdrawn from my wages for working in that country. The payroll co… read more
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i have separetly stated gross income of 11,000 on a k-1. 3050
i have separetly stated gross income of 11,000 on a k-1. 3050 is foreign gross receipts net of indirect expenses, and also interest and dividends of 7950.how do i account for the foreign gross receipt… read more
Merlo
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I am preparing form 1116 for individual 2007 tax return and ...
I am preparing form 1116 for individual 2007 tax return and I am not sure what the difference would be for line 1A and line 3 D? I had some others questions as well when it comes to preparing this for… read more
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