Determining the Amount of Taxes Paid for Purposes of the Foreign Tax Credit
other · IRS · Rule · Published 2011-08-30 · Effective 2011-08-30 · 76 FR 53818
Document
Document number
2011-22066
Federal Register citation
76 FR 53818
CFR reference
26 CFR 1
Type
Rule
Action
Correction to final and temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2011-08-30
Effective date
2011-08-30
Treasury docket
TD 9536
Abstract
This document contains a correction to final and temporary regulations (TD 9536) that were published in the Federal Register on Monday, July 18, 2011, 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 arrangements that produce inappropriate foreign tax credit results. The regulations affect individuals and corporations that claim direct and indirect foreign tax credits.