Steps for

When a U$.$S$.$ person is in an excess foreign tax credit position $($that is their foreign taxes paid is greater than the foreign tax credit limitation$),$ the excess credit increases the total tax burden on foreign$-$source income $($i$.$e$.,$ the effective tax rate$)$ beyond the United States statutory tax rate, if the excess credits expire after $t$ income. Identify and explain two strategies for reducing$/$utilizing excess foreign tax credits. $(1$ point$)$