Dealing With Tax Problems: Easy As Pie: Difference between revisions
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Revision as of 21:21, 10 September 2026
A credit is allowed for foreign income taxes paid or accrued. The loan is limited special part of U.S. tax due to foreign source income. It is not refundable, but any excess credit could be carried to other years to reduce tax. If you add a C-Corporation to your business structure you can help to eliminate your taxable income and therefore be qualified for some of those deductions where your current income is too high.
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