Forum → Tax & Finance

Foreign Account Reporting: foreign tax credit calculation

I publish illustrative scenarios prepared by my practice. The participants and conversations are fictional. These are not posts by real users, accounts of client experiences or reports of actual results.

Started by ParalegalMeg_28 · Apr 4, 2024 · 1,667 views · 2 replies

For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.

ParalegalMeg_28 OP Apr 4, 2024

I've been trying to resolve this on my own but I'm stuck.

foreign tax credit calculation. I've been dealing with this for about 9 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but got conflicting advice.

Do I have a strong case? What should my next steps be?

someone_please_help_27 May 14, 2024

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

quinn_t_5 Nov 16, 2024

Fwiw not a lawyer supposedly, but I have direct experience with this.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.

Foreign Account Reporting: foreign tax credit calculation

Related Resources