Posts Tagged Foreign Tax Credit

Treasury Inspector Suggests Improvements to Identify Unsupported Claims for Foreign Tax Credits

The IRS did not have sufficient controls and processes in place to identify erroneous Foreign Tax Credit (FTC) claims, the Treasury Inspector General for Tax Administration (TIGTA) has reported. The audit was initiated to determine whether the IRS controls ensured that the FTC was accurately claimed on…

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19747 US Hwy 59 N
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