May 16, 2022 / PRZen / TORONTO — The U.S. is one of a few countries in the world operating on a citizenship-based taxation basis, meaning that U.S. citizens are taxed on their worldwide income ...
The Individual Income Tax Return provides for a tax credit (like withholding) that reduces your tax if you paid some foreign income tax. (Form 1040, Page 2, Line 47.) Most folks will have paid some ...
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