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- 06:58, 15 September 2026 MNKCleo3272 talk contribs created page Fixing Credit - Is Creating Manufacturer New Identity Above-Board? (Created page with "A credit is allowed for foreign income taxes paid or accrued. The credit is limited compared to that part of You.S. tax due to foreign source income. It is far from refundable, but any excess credit the carried to other years to reduce tax. Conversely, earned income abroad, and passive income from foreign securities, rental, or alternative abroad, can be excluded from U.S. taxable income, or foreign taxes paid thereon, can be used as credits against Ough.S.<br><br>taxes...")