Statements (25)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:appliesTo |
U.S. taxpayers with foreign income
|
| gptkbp:category |
tax credit form
|
| gptkbp:compatibleWith |
taxpayers claiming foreign tax credit $300 or less ($600 or less if married filing jointly) and all income is passive
|
| gptkbp:filingMethod |
annually
filed with Form 1040 |
| gptkbp:firstIssueDate |
1976
|
| https://www.w3.org/2000/01/rdf-schema#label |
Form 1116
|
| gptkbp:includes |
calculation of foreign tax credit limitation
reporting of foreign income reporting of foreign taxes paid |
| gptkbp:issuedBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:language |
English
|
| gptkbp:officialName |
gptkb:Foreign_Tax_Credit
|
| gptkbp:publicLawNumber |
1116
|
| gptkbp:purpose |
to avoid double taxation on foreign income
|
| gptkbp:relatedTo |
gptkb:Form_1040
gptkb:Form_2555 |
| gptkbp:requires |
taxpayers claiming foreign tax credit over $300 ($600 if married filing jointly)
|
| gptkbp:usedFor |
claiming foreign tax credit
|
| gptkbp:website |
https://www.irs.gov/forms-pubs/about-form-1116
|
| gptkbp:bfsParent |
gptkb:US_Taxation_of_International_Income
gptkb:Publication_54 gptkb:U.S._Individual_Income_Tax_Return |
| gptkbp:bfsLayer |
7
|