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U.S. IRS Releases Practice Unit on Foreign Tax Redeterminations

|Approved Changes|United States
United States

The U.S. IRS has released an international practice unit on Foreign Tax Redeterminations for individuals. The general overview of the practice unit includes the following:

The United States (U.S.) taxes U.S. taxpayers on their worldwide income. Thus, income earned outside of the U.S. (foreign source income) may be subject to tax in both the U.S. and in the source country, resulting in double …

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