A credit is allowed for foreign income taxes paid or accrued. The credit is limited certain part of U.S. tax due to foreign source income. It's not at all refundable, but any excess credit become carried to other years to reduce tax. Banks and payday loan company become heavy with foreclosed properties as soon as the housing market crashes. Might not as apt to repay off your back taxes on the property which usually is going to fill their books a lot more unwanted products. It is much easi...