Add Business Tax Foreign Tax Relief by Credit

Business Tax Foreign Tax Relief

1. Open the Business Tax Foreign Tax Relief by Credit section in the tax return data entry menu.

2. In Name of business enter the name of your company that relief is being claimed for.

3. Use the Country pull-down to select the country that the tax was paid in.

4. Complete the following:

• Profit
  Enter the gross profit made.

• Foreign tax 
  Enter the total tax paid to the foreign country.

5. Click Save and Close.