Rev. Rul. 2020-8: Period for Refund Claims from Foreign Tax Credit Released Due to NOL Carryback

The IRS has released Rev. Rul. 2020-8, which addresses the appropriate period for refund claims resulting from a foreign tax credit carryback that is released because of an NOL carry back from a subsequent year.

To see Rev. Rul. 2020-8, click Rev. Rul. 2020-8: Period for Refund Claims from Foreign Tax Credit Released Due to NOL Carryback

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..

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