Difference between revisions of "A Reputation Of Taxes - Part 1"

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Revision as of 06:54, 6 January 2025

A credit is allowed for foreign income taxes paid or accrued. The money is limited compared to that 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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