Important Service Announcement: Based on user feedback we are not shutting down the TaxAlmanac.org website however the site is now an archived version as of June 2014. While all of the existing discussion threads and commentary will be preserved you will no longer be able to edit content, post to forums or create additional logins.

2005 Tax Law Changes - Alternative Minimum Tax Foreign Tax Credit (AMTFTC) 90% Limit Repealed

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Revision as of 20:04, 6 October 2005 by Tdoyle (Talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Summary

For tax years beginning after 2004, the amount of AMTFTC you can use to offset your alternative minimum tax is generally increased to 100% of your pre-credit tentative minimum tax. For tax years beginning before 2005, the amount of AMTFTC was generally limited to 90% of your pre-credit tentative minimum tax.

Commentary

Add commentary about 2005 Tax Law Changes - Alternative Minimum Tax Foreign Tax Credit (AMTFTC) 90% Limit Repealed by clicking here,

Retrieved from "http://www.taxalmanac.org/index.php/2005_Tax_Law_Changes_-_Alternative_Minimum_Tax_Foreign_Tax_Credit_(AMTFTC)_90%25_Limit_Repealed"
Personal tools