U.S IRS Updates Practice Units on Foreign Tax Credit Issues for Individuals

The U.S. IRS has updated practice units on certain foreign tax credit issues for individuals, including:
- Sourcing of Salary and Compensation, which explains how to determine the proper sourcing of salary and compensation for U.S. tax purposes, focusing on rules for distinguishing between U.S. and foreign income to compute the Foreign Tax Credit (FTC) limitation accurately;
- Foreign Earned Inc…