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PRINTED: 11/23/2021 FORM APPROVEDDEPARTMENT OF HEALTH AND HUMAN SERVICES CENTERS FOR MEDICARE & MEDICAID SERVICES STATEMENT OF DEFICIENCIES AND PLAN OF CORRECTION(X1) PROVIDER/SUPPLIER/CIA IDENTIFICATION

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What is printed 1116 - form?

The printed 1116 form is used for reporting foreign tax credits.

Who is required to file printed 1116 - form?

Taxpayers who have paid foreign taxes on income earned outside the United States are required to file the printed 1116 form.

How to fill out printed 1116 - form?

To fill out the printed 1116 form, taxpayers need to provide information on the amount of foreign taxes paid, foreign source income, and calculate the foreign tax credit.

What is the purpose of printed 1116 - form?

The purpose of the printed 1116 form is to prevent double taxation on income earned outside the United States by allowing taxpayers to claim a credit for foreign taxes paid.

What information must be reported on printed 1116 - form?

Information such as foreign taxes paid, foreign source income, foreign tax credits, and details of any carryover credits must be reported on the printed 1116 form.

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