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Foreign Account Reporting: foreign tax credit calculation

Started by ParalegalMeg_28 · Apr 4, 2024 · 1,667 views · 2 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
PA
ParalegalMeg_28 OP

I've been trying to resolve this on my own but I'm stuck.

foreign tax credit calculation. I've been dealing with this for about 9 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but got conflicting advice.

Do I have a strong case? What should my next steps be?

SP
someone_please_help_27

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.

QT
quinn_t_5

Fwiw not a lawyer supposedly, but I have direct experience with this.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.