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Revision as of 09:09, 15 September 2026


A credit is allowed for foreign income taxes paid or accrued. The loan is limited special part of Oughout.S. tax due to foreign source income. It's not at all refundable, but any excess credit can be carried to other years to reduce tax. What the ex-wife ought to in this case, it to present evidence of not recognize such income has been received. And therefore, the computation of taxable income was erroneous.

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