In the modern era of global investments, venturing beyond domestic shores to diversify one’s portfolio has become a common practice. This is especially true for retirees looking for lucrative opportunities to grow…
Tag: Foreign Tax Credit
IRS Notice 2023-55: The Game-Changer Taxpayers Didn’t See Coming
On July 21, 2023, the Internal Revenue Service (IRS) unveiled Notice 2023-55. This document offers temporary relief to taxpayers, aiding them in determining the credibility of a foreign tax under sections 901…