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Latest revision as of 23:47, 31 January 2025

A credit is allowed for foreign income taxes paid or accrued. The financial lending is limited special part of Oughout.S. tax due to foreign source income. It's not refundable, but any excess credit end up being the carried to other years to reduce tax.

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Copyright 2010 by RioneX IP Group LLC. All rights shy. This material may be freely copied and distributed subject to inclusion of such a copyright notice, author information and all the hyperlinks are kept unchanged.