I have had several calls from clients that work in the United States for a Foreign owned company (like Nissan) and they have friends and co-workers that are filing amended returns on a "Foreign Tax Credit" and receiving several $$$$ in refunds. The only information that I've collected through the many conversations with these clients is, this is a new credit passed under obamacare, it is a credit for working for a foreign owned company, it is dealing with the foreign trade zone tax credit. I have researched all summer and only come up with information pertaining to individuals living abroad or credits to the Company, not the employees.

Has anyone heard about this Foreign Trade Zone Tax Credit or Foreign Tax Credit for individuals working for foreign owned companies in the U.S.?