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taxation foreign divdends: Original post by David Carnes of Demand Media The IRS foreign tax credit is based on bilateral tax treaties. http://photos2.demandstudios.com/DM-Resize/photos.demandstudios.com/getty/article/117/245/78053747.jpg?w=700&h=700&keep_ratio=1 Thinkstock/Comstock/Getty Images If you own shares in a corporation based overseas, either directly or through a financial product such as a mutual fund,…

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