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Foreign tax credit: How to avoid double taxation on international income

The Foreign Tax Credit is a way to lessen your U.S. tax liability and offset income taxes paid to other countries. Find out if you qualify this tax season: ...
JD Supra

Tenth Circuit Blocks Liberty Global’s $240M Foreign Tax Credit Claim

The Tenth Circuit recently affirmed the Tax Court’s denial of Liberty Global Inc.’s $240 million foreign tax credit (FTC) claim stemming from the recapture of an overall foreign loss (OFL) triggered ...