Foreign Tax Credit Planning
Donovan, Klimczak & Company an Akron CPA firm, can help you claim foreign tax credits on taxes paid or accrued to foreign countries.
Since the IRS places limitations on using foreign tax credits, it is sometimes difficult for corporations and individuals to claim them. This can in turn increase the effective tax rate these corporations or individuals pay. Our firm can work with you to help you claim as many foreign tax credits as you can.
Donovan, Klimczak & Company can help you:
- Avoid double taxation issues
- Understand the pros and cons of claiming foreign tax credits
- Claim foreign tax credits each year
- Determine exclusions and maximum allowable tax credits by country
- Carryback or carryforward of foreign tax credits
We provide international tax advisory services aimed at helping you improve your foreign tax credit limitation. Call Stefano D'Agruma or Mark Chapman today at 330-836-9331 to discuss how our firm can help you with foreign tax credit planning.