Which of the following circumstances would favor the foreign earned income exclu
ID: 2602650 • Letter: W
Question
Which of the following circumstances would favor the foreign earned income exclusion over the foreign tax credit? A. U.S. tax law B. Tax laws of the foreign country or U.S. possession C. Tax treaty between the U.S. and the foreign country D. Totalization agreement between the U.S. and the foreign county Which of the following circumstances would favor the foreign earned income exclusion over the foreign tax credit? Which of the following circumstances would favor the foreign earned income exclusion over the foreign tax credit? A. U.S. tax law B. Tax laws of the foreign country or U.S. possession C. Tax treaty between the U.S. and the foreign country D. Totalization agreement between the U.S. and the foreign countyExplanation / Answer
Answer :- Option D). Totalization agreement between the U.S. and the foreign country.
Explanation :- Totalization agreement between the U.S. and the foreign country will favour foreign earned income exclusion over the foreign tax credit. (Option D).
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