Small business owners with fewer than 50 full-time employees are exempt from the requirements of the ACA for 2015 only; however, Congress is considering extending that time period....
Code Section 901:
According to this code section if a U.S Citizen, a resident alien or a domestic corporation pays foreign income taxes it can claim credit for it when filing...
Refer Code section 904: Limitation on Credit:
Source of income rules play a very vital role when it comes to computation of foreign tax credits limitation of a taxpayer. If foreign...