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Level 3
June 2, 2021
Question

hypo taxes

  • June 2, 2021
  • 1 reply
  • 15 views

I have a client that had hypo taxes from his US paycheque that was supposed to go China to help fund his Chinese tax liability. How will I claim a foreign tax credit on his US tax return for the Chinese taxes paid for his Chinese workdays.

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1 reply

sjrcpa
Level 15
June 2, 2021

Form 1116. You will also need a copy of the Chinese income tax return to obtain taxable income in China and total China tax.

The more I know the more I don’t know.