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If there is not enough gross tax liability to use the foreign tax credit it expires on used it takes it is carried back two
If there is not enough gross tax liability to use the foreign tax credit it expires on used it takes it is carried back two years or years it is carried back three years and forward five years it is carried back one year and for years
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
