Tax Facts

Information to help individuals and small business navigate our complex Tax Laws. Not to be construed as tax advice. Contact your hired tax advisor for your specific tax situation and advice.

Tax Treaties

The United States has tax treaties with over 40 different countries.  Under the provisions of these treaties, citizens and resident aliens who are subject to taxes imposed by the foreign countries are entitled to certain credits, deductions, exemptions and reductions in the rate of taxes of those foreign countries.

What Are The Benefits?

The benefits depend on each person's specific situation and on the exact text of the Tax Treaty.  Be sure you talk to a tax professional - such as an Enrolled Agent - to help you understand exactly what the tax treaty provisions are and how they apply to your particular circumstances.  For example, there may be tax benefits to investment income, such as interest and dividends, that you receive from sources in a treaty country.  Several treaties provide exemption for capital gains if certain requirements are met.

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