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Enerplus Corporation Message Board

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  • edteekay edteekay Feb 24, 2012 6:09 PM Flag

    Back-up Foreign Tax went UP to 25%

    If your foreign taxes are over $600 then you don't always get all your withheld tax back. Your overall tax rate has to be 15% or higher to get it all back. Otherwise the amount you get back is prorated depending on your overall percentage US tax.

    If I am wrong, by all means jump down my throat and tell me.

    If your foreign taxes are over $600 than you must fill out form 1106(?) to get credit at all for your foreign paid taxes.

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