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Wisconsin Department of Safety and Professional Services
4822 Madison Yards Way
Madison, WI 53705
Email: DSP×Wisconsin.gov
Website: DSP. Wisconsin. Gmail To: P.O. Box 8366
FAX #:
Phone #:Madison,
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What is form 1114?
Form 1114 is a document used by U.S. citizens to claim a foreign tax credit for taxes paid to foreign countries on income that is also subject to U.S. tax.
Who is required to file form 1114?
U.S. citizens who have foreign income and have paid taxes on that income to a foreign country are required to file form 1114 to claim a foreign tax credit.
How to fill out form 1114?
Form 1114 can be filled out by providing information on foreign income, taxes paid to foreign countries, and calculating the foreign tax credit. The form must be attached to the individual's tax return.
What is the purpose of form 1114?
The purpose of form 1114 is to prevent double taxation on income that is earned in a foreign country by allowing U.S. citizens to claim a credit for taxes paid to that foreign country.
What information must be reported on form 1114?
Information such as foreign income, taxes paid to foreign countries, and calculations for the foreign tax credit must be reported on form 1114.
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