This course reviews advanced rules related to the foreign tax credit as well as planning opportunities to maximize available foreign tax credits. This class builds on the topics covered in Form 1116 - The Basics.

Learning Objectives

  • Understand the various foreign tax credit categories and their unique issues.
  • Explain how to complete a complex Form 1116.
  • Describe how treaty provisions and positions interact with foreign tax credits.
  • Understand various strategies to maximize foreign tax credits.

Education Information

IRS Program Number: NMVBP-T-00186-21-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Intermediate

Delivery Method: Self-Study 

Field of Study: Federal Tax (IRS);

Credit hours: 2 IRS CE

Instructor: Mary Beth Lougen, EA, USTCP Click here for more information about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our education policies.

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