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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词条贡献者

法律翻译家欣，毕业于德国顶尖的高级翻译学院，专注翻译各类与体育诉讼有关的法律文件。