Index of Publication 514 - Foreign Tax Credit for Individuals

A

Accrual foreign taxes, adjustments, The IRS can request this bond at any time...

Accrual method of accounting, Accrual method of accounting.

Allocation:

Carryback/carryover between husband and wife, Allocations Between Husband and Wife

Foreign losses, Foreign Losses

Foreign taxes, Allocation of Foreign Taxes

U.S. losses, U.S. Losses

Alternative minimum tax, Alternative minimum tax.

Amended return, Claim for Refund

American Samoa, resident of, Possession Exclusion

Assistance, See: Tax help

B

Bankruptcy, effect of, Effect of bankruptcy or insolvency.

Beneficiary, If you are a member of a partnership, or...

Bond, income tax, You may have to post a bond.

Boycotting countries, This rule generally does not apply to employees...

C

Capital gains and losses, Capital Gains and Losses

Carryback and carryover, Carrybacks and carryovers.

Allocations between husband and wife, Allocations Between Husband and Wife

Claim for refund, When you carry back an unused foreign tax,...

Joint return, Married Couples

Joint return–deduction year, Joint Return Filed in a Deduction Year

Taxes all credited or deducted, If you have an unused foreign tax that you...

Time limit on tax assessment, Time Limit on Tax Assessment

Choice to take credit or deduction:

Changing your choice, Making or Changing Your Choice

Choice applied to all qualified foreign taxes, Choice Applies to All Qualified Foreign Taxes

Claim for refund, Claim for Refund

Classes of gross income, Classes of gross income.

Compensation for labor or personal services, Determining the Source of Compensation for Labor or Personal Services

Geographical basis, Geographical basis.

Comprehensive example, Comprehensive Example — Filled-In Form 1116

Controlled foreign corporation shareholder, Income from controlled foreign corporations., Controlled foreign corporation shareholder.

Credit:

How to claim, How To Claim the Credit

How to figure, How To Figure the Credit

Limit on, Limit on the Credit

Credit for taxes paid or accrued, Credit for Taxes Paid or Accrued

D

Deduction for foreign taxes that are not income taxes, Foreign taxes that are not income taxes.

Distributions:

Lump-sum, Lump-Sum Distribution

Dividends:

Taxes on, Taxes Imposed on Certain Dividends

Dual-capacity taxpayers, Dual-capacity taxpayers.

E

Economic benefits, Specific economic benefit.

Examples:

Comprehensive, Comprehensive Example — Filled-In Form 1116

Simple, Simple Example — Filled-In Form 1116

Excess limit, This means that you can treat the unused...

Exchange rates, Foreign Currency and Exchange Rates

Excluded income:

Foreign earned, Foreign Earned Income and Housing Exclusions

Taxes on, Taxes on Excluded Income

Exemption from foreign tax credit limit, Exemption from foreign tax credit limit.

Export financing interest, Export financing interest.

Extraterritorial income, Extraterritorial Income Exclusion

F

Financial services income, Financial services income.

Foreign corporation–U.S. shareholders, filing requirements, Taxes of U.S. Persons Controlling Foreign Corporations and Partnerships

Foreign country, Foreign country.

Foreign currency and exchange rates, Foreign Currency and Exchange Rates

Foreign income, translating, Translating foreign currency into U.S. dollars.

Foreign losses:

Allocation of, Foreign Losses

Recapture of, Recapture of Prior Year Overall Foreign Loss Accounts

Foreign mineral income, taxes on, Taxes on Foreign Mineral Income

Foreign oil and gas extraction income, taxes on, Taxes on Combined Foreign Oil and Gas Income

Foreign partnerships–U.S. partners, filing requirement, Taxes of U.S. Persons Controlling Foreign Corporations and Partnerships

Foreign tax refund, Foreign tax refund., Foreign tax refund.

Foreign tax(es):

Allocation to income categories, Allocation of Foreign Taxes

For which you cannot take a credit, Foreign Taxes for Which You Cannot Take a Credit

Imposed on foreign refund, Foreign tax imposed on foreign refund.

Qualifying for credit, What Foreign Taxes Qualify for the Credit?

Redetermination, Foreign Tax Redetermination

Refund, Foreign tax imposed on foreign refund.

Form:

1040X, Claim for Refund

1116, Form 1116, Comprehensive Example — Filled-In Form 1116, Simple Example — Filled-In Form 1116

5471, Taxes of U.S. Persons Controlling Foreign Corporations and Partnerships

5713, If you have to file a report, you must use...

8833, You may have to report certain information...

8865, Taxes of U.S. Persons Controlling Foreign Corporations and Partnerships

8873, Extraterritorial Income Exclusion

Free tax services, How To Get Tax Help

Functional currency, Translating foreign currency into U.S. dollars.

G

General category income, separate limit, General Category Income

H

Help, See: Tax help

High-taxed income, High-taxed income.

I

Income from sources in U.S. possessions, Determining the source of income from U.S. possessions.

Income re-sourced by treaty, separate limit, Certain Income Re-Sourced By Treaty

Income tax, Income Tax

Income tax bond, You may have to post a bond.

Interest, Penalties and interest.

Interest expense, apportioning, Interest expense.

International boycott, Taxes From International Boycott Operations

Itemized deduction, Taxes for Which You Can Only Take an Itemized Deduction

J

Joint return:

Carryback and carryover, Married Couples

Credit based on foreign tax of both spouses, Joint return.

Filed in a deduction year, Joint Return Filed in a Deduction Year

L

Levy, Income Tax

Limit on credit, Limit on the Credit

Losses, foreign:

Allocation of, Foreign Losses

Recapture of, Recapture of Prior Year Overall Foreign Loss Accounts

Losses, U.S.:

Allocation of, U.S. Losses

Lump-sum distributions, Lump-Sum Distribution

M

Making or changing your choice, Making or Changing Your Choice

Married couples:

Carryback and carryover, Married Couples

Joint return, Joint return.

Mineral income, foreign,, Taxes on Foreign Mineral Income

More information, See: Tax help

Mutual fund distributions, Except as described earlier under Income..., Mutual fund shareholder.

Mutual fund shareholder, Mutual fund shareholder.

N

Nonresident aliens, Nonresident Aliens

Notice to the IRS of change in tax, Notice to the Internal Revenue Service (IRS) of Redetermination

O

Overall foreign loss, Overall foreign loss.

P

Partner, Partnership distributive share., Foreign Taxes From a Partnership or an S Corporation, Partner or S corporation shareholder.

Passive category income, Passive Category Income

Penalties:

Failure to file Form 5471, 8865, Penalty for not filing Form 5471 or Form 8865.

Failure to file Form 5713, Penalty for failure to file.

Failure to notify, foreign tax change, Failure-to-notify penalty.

Failure to report treaty information, If you do not report this information, you...

Pension, employment, and disability fund payments, Pension, unemployment, and disability fund payments.

Personal property, sales or exchanges of, Determining the Source of Income From the Sales or Exchanges of Certain Personal Property

Possession exclusion, Possession Exclusion

Publications, See: Tax help

Purchase or sale of oil or gas, taxes in connection with, Taxes in Connection With the Purchase or Sale of Oil or Gas

Q

Qualified business unit, You must make all federal income tax determinations...

Qualified dividends, Capital Gains and Losses

R

Rate of exchange, Rate of exchange for foreign taxes paid.

Recapture of foreign losses, Recapture of Prior Year Overall Foreign Loss Accounts

Records to keep, Records To Keep

Redetermination of foreign tax, Foreign Tax Redetermination

Refund claims, time limit, Time Limit on Refund Claims

Refund, foreign tax, Foreign tax refund.

Reporting requirements (international boycott), Reporting requirements.

Resident aliens, Resident Aliens

S

S corporation shareholder, Foreign Taxes From a Partnership or an S Corporation, Partner or S corporation shareholder.

Sanctioned countries, Taxes Imposed By Sanctioned Countries (Section 901(j) Income)

Section 901(j) income, Section 901(j) Income

Section 901(j) sanctioned income, Taxes Imposed By Sanctioned Countries (Section 901(j) Income)

Separate limit income, Separate Limit Income

General category income, General Category Income

Income re-sourced by treaty, Certain Income Re-Sourced By Treaty

Lump-sum distribution, Lump-Sum Distribution

Passive category income, Passive Category Income

Section 901(j) income, Section 901(j) Income

Shareholder, Mutual fund shareholder.

Simple example, Simple Example — Filled-In Form 1116

Soak-up taxes, Soak-up taxes.

Social security taxes, No deduction or credit is allowed, however,...

Source of compensation for labor or personal services:

Alternative basis, Alternative basis.

Multi-year compensation, Multi-year compensation.

Time basis, Time basis.

State income taxes, State income taxes.

Subsidy, Subsidy received.

T

Tax help, How To Get Tax Help

Tax treaties, Tax Treaties

Taxable income from sources outside the U.S., determination of, Determining Taxable Income From Sources Outside the United States

Taxes:

Excluded income, Foreign Earned Income and Housing Exclusions

In lieu of income taxes, Taxes in Lieu of Income Taxes

On dividends, Taxes Imposed on Certain Dividends

Paid or accrued, Credit for Taxes Paid or Accrued

Withheld on income or gain, Taxes Withheld on Income or Gain (Other Than Dividends)

Taxpayer Advocate, Contacting your Taxpayer Advocate.

Time limit:

Refund claims, Time Limit on Refund Claims

Tax assessment, Time Limit on Tax Assessment

Translating foreign currency, Translating foreign currency into U.S. dollars.

TTY/TDD information, How To Get Tax Help

U

U.S. citizens, U.S. Citizens

U.S. losses:

Allocation of, U.S. Losses

U.S. possessions, U.S. possessions.

Unused foreign tax credits, carryback or carryover, This means that you can treat the unused..., Carrybacks and carryovers.

W

Wages, Wages completely excluded.

When refunds can be claimed, Time Limit on Refund Claims

When tax can be assessed, Time Limit on Tax Assessment

Who can take the credit, Who Can Take the Credit?

Why choose the credit, Why Choose the Credit?