2006 Regarding Tax Scams Released By Irs: Difference between revisions

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Revision as of 23:28, 22 January 2025

A credit is allowed for foreign income taxes paid or accrued. The money is limited to that particular part of Oughout.S. tax due to foreign source income. It's not at all refundable, but any excess credit could be carried to other years to reduce tax.

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