Question

what criterion is used to determinethe daye wh

en forwign taxes accrue for the purpose of the foreign tax credit

Answer 1

If you are a person who has paid toxes in other countries, you are eligible to claim foreign tase credit if you satily the following condi Kousie af The foreign tasus paid were bried on your 1. income b you paid Haose taxes under legal obligation. f you did not made any financial gain by paying them and d] The U.S. has not sanctioned the country where tones were paid Day on which eligible to claim foreign tox credit: you will be eligible to claim foreign ton credit from the day on which the tou foreign tax is actually paid.