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C Corps Can Offset Tax Liability with Foreign Tax Credits

C Corps Can Offset Tax Liability with Foreign Tax Credits

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January 2018

The foreign tax credit (FTC) is an essential tool to understand when thinking about your tax liability this tax season. This credit can be taken for individuals and corporations alike; however, corporations (specifically C corps) may receive an additional, indirect benefit from this credit by taking advantage of the indirect foreign tax credit. The indirect form of the FTC can be a very difficult concept, so I will simplify it for you.

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