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US CITIZENS AND RESIDENTS
Foreign Tax Credit Planning

Most of us who live outside of the United States have to pay tax in the country in which we live. US citizens or green card holders have the same income subjected to US tax. In plain words, there is double tax.

To prevent this happening, the US has double tax treaties with most countries and very often it is possible to claim a credit for the foreign tax paid (or accrued) on income to avoid double taxation.

However, it's vital to structure the timing and payment of foreign taxes in order to obtain the maximum benefit from foreign tax credits.

US Tax & Financial Services have years of knowledge and expertise in this area and provide proactive planning advice to ensure any excess foreign tax credits may be used effectively and efficiently.

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