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(Page créée avec « <br>A credit is allowed for foreign income taxes paid or accrued. The financing is limited to that part of You.S. tax due to foreign source income. It's not at all refundable, but any excess credit end up being the carried to other years to reduce tax.<br><br>The federal income tax statutes echos the language of the 16th amendment in proclaiming that it reaches "all income from whatever source derived," (26 USC s. 61) including criminal enterprises; criminals who... »)
 
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Version du 20 juillet 2025 à 18:12


Many small business proprietors start with a sole proprietorship to avoid the costs of forming a corporation or LLC. This is a wise decision as statistics show that most small businesses lose money for the first several years.

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