Andrew Mitchel LLC

International Tax Blog - New and Interesting International Tax Issues


New IRS Practice Units: Reasonable Cause and Good Faith & FTC Limitation

2020-07-18

The IRS recently published two new practice units related to international tax: Reasonable Cause and Good Faith and FTC Limitation.  The first practice unit discusses the reasonable cause exception for penalty relief.  The second practice unit discusses the foreign tax credit limitation for individuals.  Foreign tax credits are generally limited to the U.S. tax on foreign income.

We have added these practice units to our Practice Units By Topic page.

Tags: 901 Foreign Tax Credits, Other - IRS Practice Units