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The Following Amount of the Future Earnings of the Debtor is Submitted to the Supervision Form

The Following Amount of the Future Earnings of the Debtor is Submitted to the Supervision Form

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all right for this video I want to go over the IRS form 1116 for a foreign tax credit and in this example we're going to be looking at how we make certain adjustments when we have large amounts of foreign qualified dividend income and or long-term capital gains that are also foreign source so I've got a sample 1116 here which will go through in more detail and in addition to this I do have the 1099 div that our taxpayer here received from their broker so we can see we've got some large dividend amounts up here in boxes 1A and 1B and he's got some foreign taxes that were withheld and it's from a rick investment so regulate an investment company and then lastly you do have some slides here just two slides one covering some of the background on this adjustment and why it's necessary and then a second slide here covering more details on the fact pattern itself and then a table that shows you know how we calculate the foreign Source percentage

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