Austin Tax Defense Law Blog

The purpose of the IRS

For over 100 years, the Internal Revenue Service (IRS) has handled the collection and administration of taxes to millions of American taxpayers. All income-earning taxpayers are required to submit their tax returns once a year. Taxes must be collected to carry out the...

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The foreign tax credit

For Texas residents who own property in multiple countries, the foreign tax credit helps to reduce the double tax burden of foreign source income. There are many rules for the foreign tax credit, including how foreign taxes qualify or the qualifying tests. Qualifying...

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