Paying Taxes Can Tax The Best Of Us: Difference between revisions
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Revision as of 10:58, 15 September 2026
A credit is allowed for foreign income taxes paid or accrued. The credit is limited certain part of You.S. tax due to foreign source income. It is not refundable, but any excess credit may be carried to other years to reduce tax. What the ex-wife ought to do in this case, it to present evidence of not realising that such income has been received. And therefore, the computation of taxable income was erroneous. As well as that's this known by the ex-husband yet intentionally omitted to maintain.
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