TITLE

Relief from Double Taxation: The Treatment of Foreign Tax Paid for Individuals at the State Level

AUTHOR(S)
Sherman, W. Richard; Brinker Jr., Thomas M.
PUB. DATE
December 2002
SOURCE
National Public Accountant;Dec/Jan2003, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Discusses the treatment of foreign tax paid for individuals at the state level in the U.S. Occurrence of double taxation; Deductions for foreign taxes; Credit for foreign taxes; Tax exemptions of foreign income. INSET: Foreign Income Taxes: Treatment at State Level.
ACCESSION #
8989544

 

Related Articles

  • Cross-Border Business Combinations. Jackman, Patrick; Tretiak, Philip // International Tax Journal;Sep2010, Vol. 36 Issue 5, p5 

    The article focuses on the enactment of new Code Sec. 901(m) by the U.S. Education Jobs and Medicaid Assistance Act of 2010 for dealing with the foreign tax credit (FTC) for foreign income tax in connection with a covered asset acquisition. It discusses the transactions under the covered asset...

  • Individual Foreign-Earned Income and Foreign Tax Credit, 2006. Hollenbeck, Scott; Kahr, Maureen Keenan // Statistics of Income (SOI) Bulletin;Spring2009, Vol. 28 Issue 4, p54 

    The article offers information on the tax returns of foreign-earned income and the foreign tax credit in the U.S. It notes of a 13.6 increase in the filed tax returns by the tax payers from 2001 to 2006. It mentions that 72.9 percent of reported total foreign-earned income is comprised by...

  • DESIGNING A U.S. EXEMPTION SYSTEM FOR FOREIGN INCOME WHEN THE TREASURY IS EMPTY. Fleming Jr., J. Clifton; Peroni, Robert J.; Shay, Stephen E. // Florida Tax Review;2012, Vol. 13 Issue 8, p397 

    The article reports the need of a territorial or exemption system in the U.S. under which foreign-source active business income earned by U.S. resident corporations would become substantially free of U.S. income tax. Topics discussed include the need of reform of the U.S. international tax...

  • Foreign Tax Credits. Riedy, James A. // International Tax Journal;May/Jun2007, Vol. 33 Issue 3, p11 

    The article discusses several issues regarding the established rule that a payment made to a foreign government is not considered a payment of foreign income tax for U.S. purposes if the payment is voluntary. It is noted that the rule applies even if the payment is regarded as payment of tax...

  • Corporate Foreign Tax Credit, 1999. Raub, Brian // Statistics of Income (SOI) Bulletin;Fall2003, Vol. 23 Issue 2, p205 

    Provides information on several U.S. corporations that claimed foreign tax credits in 1999. Leading sources of foreign-source taxable income for U.S. corporations claiming a foreign tax credit; Statutory income categories; Types of foreign-source gross income.

  • International Tax Issues Corner. Forst, David // Journal of Passthrough Entities;Jul/Aug2012, Vol. 15 Issue 4, p17 

    The article focuses on the foreign tax credit partnership of inter-branch payment splitter arrangements in the U.S. It notes that a splitting condition happens when the foreign tax paid by a partnership to a payment between disregarded branches of the partnership is not distributed to the...

  • Unilateral relief denied. Greene, Chris; Maddalena, Christina; Wisdell, Ana // Accountancy;Aug1989, Vol. 104 Issue 1152, p53 

    Presents a tax case review on unilateral relief for foreign tax paid on a company's trading profits carried on abroad which may be given only against British tax payable on those profits. Case background; Explanation that in order for credit for foreign tax on overseas income to be given...

  • FOREIGN ACTIVITIES OF U.S. TAXPAYERS. Luby, Joe O.; Breslow, Andrew B. // Tax Lawyer;Summer2003, Vol. 56 Issue 4, p1087 

    Provides information on implementing regulations adopted by the U.S. Internal Revenue Service dealing with tax treaties and foreign activities of U.S. taxpayers. Information on the proposed legislation that aims to modify the law on taxation of foreign income of U.S. taxpayers; Highlights of...

  • U.S. ACTIVITIES OF FOREIGNERS AND TAX TREATIES.  // Tax Lawyer;Summer87, Vol. 40 Issue 4, p1215 

    Reports taxation developments from the Committee on the United States activities of foreigners and tax treaties of the Section of Taxation of the American Bar Association. Enactment of section 865(a) describing source rules for sale of personal property; Provisions of the section; Legislation...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics