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Temporary Relief to Taxpayers from Final Foreign Tax Credit Regulations: What You Need to Know

In an ongoing effort to refine tax law and ensure fair financial play, changes are constantly made to the regulations that govern our financial behavior. But sometimes, these alterations may seem more like hindrances than progress to those they affect. Case in point: the significant changes made to the Foreign Tax Credit (FTC) in January 2022, under the Treasury Decision 9959 (TD 9959).

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