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• 18:53, 10 April 2025 NIYChase4978 talk contribs created page Offshore Bank Accounts And The Latest Irs Hiring Spree (Created page with "A credit is allowed for foreign income taxes paid or accrued. The money is limited for that part of You.S. tax due to foreign source income. It is far from refundable, but any excess credit can be carried to other years to reduce tax.<br><br>Debt forgiveness, you see, is treated as taxable income. Why? Within a nutshell, market gives you money and you should not pay it back, it's taxable. Everybody else have to fund taxes on wages because of a job. Aspect of the reason t...")