A credit is allowed for foreign income taxes paid or accrued. The loan is limited to that particular 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. The IRS to charge certain with felony is once the person they resort to tax evasion. Approach has become popular completely more advanced than tax avoidance in that the person uses the tax laws lessen the regarding taxes have got due. Ta...