Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit
other · IRS · Rule · Published 2011-07-18 · Effective 2011-07-18 · 76 FR 42038
Document
Document number
2011-17920
Federal Register citation
76 FR 42038
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations and removal of temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2011-07-18
Effective date
2011-07-18
Treasury docket
TD 9535
Abstract
This document contains final regulations providing guidance relating to the determination of the amount of taxes paid for purposes of the foreign tax credit. These regulations address certain highly structured transactions that produce inappropriate foreign tax credit results. The regulations affect individuals and corporations that claim direct and indirect foreign tax credits.