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- 20:44, 5 January 2025 MinnieOuttrim9 talk contribs created page 5 100 Top Reasons To Catch-Up Rrn Your Taxes Straight Away (Created page with "A credit is allowed for foreign income taxes paid or accrued. The credit is limited compared to that part of U.S. tax due to foreign source income. It's not at all refundable, but any excess credit may be carried to other years to reduce tax.<br><br>The federal income tax statutes echos the language of the 16th amendment in on the grounds that it reaches "all income from whatever source derived," (26 USC s. 61) including criminal enterprises; criminals who in order to re...")