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Revision as of 12:41, 4 February 2025
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A credit is allowed for foreign income taxes paid or accrued. The financial lending is limited to that particular part of U.S. tax due to foreign source income. It is not refundable, but any excess credit can be carried to other years to reduce tax.
Defer or postpone paying taxes. Use strategies and investment vehicles to put off transfer pricing paying tax now. Pay no today with an outdoor oven pay tonight. Give yourself the time use of one's money. The longer you can put off paying a tax setup you hold the use of the money of your purposes.
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