foreign tax credit

A tax credit against U.S. income taxes for a taxpayer who earns income overseas and has paid foreign taxes on that income. See FOREIGN-EARNED-INCOME EXCLUSIONN. [Cases: Internal Revenue 4098. C.J.S. Internal Revenue § 481.]
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双语律师Wayne,国际知名法学院法律专业,擅长翻译各类与遗产及遗嘱争议相关的法律文件。
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