We note in your responses that you

We note in your responses that you have not yet received the Singapore Notice of Assessment for the calendar year 2015. Have you filed the Singapore tax return for the 2015 calendar year? If yes, you should have received the Notice of Assessment. The reason this is significant is that you are on the accrued method of foreign taxes for your US foreign tax credit calculation. This means that you can take a tax credit for all foreign taxes that accrue during the calendar year. Therefore, you are only allowed to take a foreign tax credit for the Singapore taxes paid in 2016 for the 2015 calendar year on your 2015 U.S. tax return. These taxes can not be taken as a foreign tax credit in any other tax year because the taxes accrued in 2015. If you do not take the credit during this year, you will have to either forego the tax credit (i.e. pay double tax on the rental income: tax in Singapore and tax in the United States) or later amend your 2015 return to include the foreign tax credit. To amend the 2015 return, you will incur accounting fees. Please let us know if you understand and are willing to forego the Singapore tax credit for the rental income from the Trillium on your 2015 U.S. tax return or if you plan to file your Singapore taxes and obtain a copy of the Notice of Assessment.

Results (English) 1:

We note in your responses that you have not yet received the Singapore Notice of Assessment for the calendar year 2015. Have you filed the Singapore tax return for the 2015 calendar year? If yes, you should have received the Notice of Assessment. The reason this is significant is that you are on the accrued methods of foreign § taxes for your U.S. foreign tax credit calculation. This means that you can take a tax credit for all foreign § taxes that accrue during the calendar year. Therefore, you are only allowed to take a foreign tax credit for the Singapore § taxes paid in 2016 for the 2015 calendar year 2015 on your U.S. tax return. These § taxes can not be taken as a foreign tax credit in any other tax year because the § taxes accrued in 2015. If you do not take the credit during this year, you will have to either forego the tax credit (i.e. pay double tax on the rental income: tax in Singapore and a tax in the United States) or later amend your return to 2015 include the foreign tax credit. To amend the 2015 return, accounting fees you will incur. Please let us know if you understand and are willing to forego the Singapore tax credit for the rental income from the Trillium 2015 on your U.S. tax return or if you plan to file your Singapore § taxes and obtain a copy of the Notice of Assessment.

Results (English) 2:

We note in your responses that you have not yet received the Singapore Notice of Assessment for the calendar year 2015. The Singapore Have you filed a tax return for the 2015 calendar year? If yes, you should have received the Notice of Assessment. The reason this is significant is that you are on the accrued method of foreign taxes for your US foreign tax credit calculation. This means that you can take a tax credit for all foreign taxes that accrue during the calendar year. Therefore, you are only allowed to take a foreign tax credit for the Singapore taxes paid in 2016 for the 2015 calendar year on your 2015 US tax return. Reviews These taxes can not be taken as a foreign tax credit in any other tax year Because the taxes accrued in 2015. If you do not take the credit during this year, you will have to either forego the tax credit (ie pay double tax on the rental income: tax in Singapore and tax in the United States) or later amend your 2015 return to include the foreign tax credit. To amend the 2015 return, you will incur accounting fees. Please let us know if you understand and are willing to forego the Singapore tax credit for the rental income from the Trillium on your 2015 US tax return or if you plan to file your taxes Singapore and Obtain a copy of the Notice of Assessment.