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According to Publication 514, Foreign Tax Credit for Individuals,all of the following are eligibility requirements to...

According to Publication 514, Foreign Tax Credit for Individuals,all of the following are eligibility requirements to claim the Foreign Tax Credit, except the tax must be which of the following?
A) Paid, but not accrued
B) Imposed on the taxpayer
C) Legal and actual foreign tax liability
D) An income tax (or a tax in lieu of an income tax)
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Answer #1

One of the tests for taking credit of foreign tax paid is “the tax must be paid OR accrued”

OPTION A)

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