Foreign Real Property Taxes and Foreign Income Taxes Are Not

question 65

True/False

Foreign real property taxes and foreign income taxes are not deductible as itemized deductions.

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Definitions:

Lewis Terman

An American psychologist best known for his revision of the Stanford-Binet Intelligence Scales and research on gifted children.

Tacit Knowledge

Knowledge that is difficult to transfer to another person by writing it down or verbalizing it.

Formal Knowledge

Pertains to information or skills acquired through structured learning or education systems.

Explicit Knowledge

Knowledge that is well documented, easily articulated, and shared, including facts, procedures, and information that can be easily communicated to others.