Excess foreign tax credits can be carried back one year and forward five years.
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Q11: Ashley, a U.S. citizen, works in England
Q12: If foreign taxes on foreign income exceed
Q13: Julia, an accrual-method taxpayer, is a U.S.
Q14: Ashley, a U.S. citizen, works in England
Q15: Income derived from the sale of merchandise
Q17: Karen, a U.S. citizen, earns $40,000 of
Q18: For the foreign credit limitation calculation, income
Q19: Which of the following characteristics is not
Q20: A U.S. citizen accrued $120,000 of creditable
Q21: The physical presence test method of qualifying
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