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Capital Gains Tax — foreign tax credit calculation

Started by worried_tenant_NC · Oct 31, 2022 · 1,687 views · 5 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
WT
worried_tenant_NC OP

Has anyone dealt with something like this? I'm not sure what my options are.

foreign tax credit calculation. I've been dealing with this for about 15 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but the other party is not cooperating.

Has anyone been through something similar? What worked for you?

NH
need_help_trader_FL

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.

NH
need_help_contractor_CA

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

AF
asking_for_friend_business_owner_OH

NAL, but from what I've read, you should send a written demand. That said, definitely get a lawyer to look at the specifics.

WW
worried_worker_NY

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.

PJ
Paralegal_Jen

I went through almost the exact same thing.

What worked for me was filing with the appropriate government agency. It took 4-8 months but was worth it.

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