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• 02:34, 16 September 2024 Viola43T399219 talk contribs created page Offshore Accounts And The Most Irs Hiring Spree (Created page with "A credit is allowed for foreign income taxes paid or accrued. The finance is limited for that part of U.S. tax due to foreign source income. It is far from refundable, but any excess credit become carried to other years to reduce tax.<br><br>Basically, the internal revenue service recognizes that income earned abroad is taxed from your resident country, and can be excluded from taxable income by the IRS in the event the proper forms are registered. The source of the inco...")