The foreign tax credit can help mitigate the impact of the alternative minimum tax (AMT) for taxpayers with income taxed abroad. While the AMT limits certain deductions and credits, it does allow a ...
May 16, 2022 / PRZen / TORONTO — The U.S. is one of a few countries in the world operating on a citizenship-based taxation basis, meaning that U.S. citizens are taxed on their worldwide income ...
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