Regulation & law · 21/12/2007Updated: 10/17/2026 · 1 min read

IRS Issues Temporary Regulations for Recapturing Foreign and Domestic Losses

The Internal Revenue Service (IRS) has published temporary regulations to guide the recapture of overall foreign and domestic losses, affecting individuals and corporations claiming foreign tax credits, following changes made by the American Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005.