Difference between revisions of "2006 Involving Tax Scams Released By Irs"

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Revision as of 02:13, 31 October 2024

A credit is allowed for foreign income taxes paid or accrued. The loan is limited to that particular part of Ough.S. tax due to foreign source income. It is not refundable, but any excess credit may be carried to other years to reduce tax.

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