Question
Review the foreign tax redetermination rules found in Pub 514, Foreign tax Credit for Individuals to answer this question. Glynnis claimed a $2416 foreign tax
Review the foreign tax redetermination rules found in Pub 514, Foreign tax Credit for Individuals to answer this question. Glynnis claimed a $2416 foreign tax credit for accrued taxed to Ireland on his 2015 tax return. Which of the scenarios does not require a foreign tax redetermindation (1) Although he intend to do so in March 2018, He has not yet paid the amount of Irish taxes used to claim the credit (2) One-half of Irish taxes used to claim the credit was paid on January 31, 2016 and the remainder was paid on Jan 1, 2017 (3) In August 2016, he paid the amount of Irish taxes used to claim the credit and received a refund of $416 on Feb 1, 2017 (4) The amount of Irish taxes used to claim the credit was paid in full in Nov 2017
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