Regulacje i polityka gospodarcza · 21/12/2007

IRS Issues Final and Temporary Regulations on Foreign Tax Credit Limitation Categories

The Internal Revenue Service (IRS) has released final and temporary Income Tax Regulations reducing the number of separate foreign tax credit limitation categories under section 904(d) of the Internal Revenue Code, effective for taxable years beginning after December 31, 2006, and impacting taxpayers claiming foreign tax credits.