Excess Credit vs. Excess Limitation—Planning Issues
{"Image DocumentName": "Excess Credit vs. Excess Limitation\u2014Planning Issues", "Image ImageDescription": "Excess limitation position (Subpart F issues) Tax on foreign income equals foreign tax + residual US tax. Planning: Defer residual US tax. Excess credit position (\u00a7 861 planning) Tax on foreign income equals higher foreign tax. Planning. Reduce foreign taxes. Increase allowable credit.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}