◉ Foreign Income & Credits
Foreign tax credits
Offset UK income tax paid against your US liability. Often more beneficial than the FEIE for higher earners.
Overview
Why this filing matters
Offset UK income tax paid against your US liability. Often more beneficial than the FEIE for higher earners.
Note — Offset UK tax against US liability.
◉ Who this is for
- •UK-resident Americans paying UK income tax
- •Expats with mixed UK/US income
✓ What you get
- ✓Multi-category Form 1116 computation
- ✓FTC vs. FEIE comparison to choose the optimal position
- ✓Carryover tracking
At a glance
- Key forms
- 1116
- Category
- Foreign Income & Credits
- Turnaround
- 2–3 weeks once documents are complete
- Filed by
- ACCA-qualified IRS Enrolled Agent
Our approach
Built for the cross-border edge cases.
Most US-UK filings fail the same way: a treaty position that wasn't disclosed, a foreign account that slipped under FBAR thresholds, a PFIC election filed in the wrong year, a carry-forward not tracked from one preparer to the next. The cost of any single one of those is rarely catastrophic on its own — it's the compounding over multiple filing seasons that quietly turns a clean tax life into a six-figure remediation project.
We start every engagement by looking at the edge cases first — the elections, the disclosures, the carry-forwards, the side-effects on next year's return — and only then turn to the routine line items. The result is a filing that reads cleanly to anyone who picks it up next: another preparer, the IRS, or a successor in your own business.
- Position memo on every meaningful election, with the reasoning written down for the next return
- Carry-forwards (FTC, capital losses, PFIC basis) tracked year-on-year so nothing expires unused
- Plain-English commentary on every position taken — the kind that makes a future audit a non-event
Our process
How we handle your filing
Four steps from first call to filed return. Fixed fee confirmed before any work begins.
01
Intake
30-minute scoping call. We confirm your situation, required filings, and send a tailored document list.
02
Review
We analyse your position, flag any cross-border risks, and confirm the scope and fee before any work starts.
03
Prepare
Draft returns and schedules are prepared with plain-English commentary on key positions for your review.
04
File
E-file with the IRS / FinCEN, send confirmations, and handle any follow-up notices or questions.
Pricing
Fixed fees — no surprises
Form 1116 preparation is usually bundled with your 1040 fee. Complex multi-category FTC analysis (carrybacks, basket recharacterisations, high-tax kick-outs) is priced separately after the intake call.
FAQs
Common questions
Related services
Others in Foreign Income & Credits
Foreign Earned Income Exclusion (Form 2555)
Exclude up to ~$130,000 of foreign earned income (2025 tax year) if you qualify under the bona fide residence or physical presence test.
Learn more →
Treaty positions (Form 8833)
Claim benefits under the US-UK double tax treaty — residence tie-breaker, pension sourcing, and more.
Learn more →
Ready to get this filed?
Tell us your situation and we’ll confirm scope, a fixed fee, and the documents we need — usually within one business day.