Foreign Tax Credit - Corporations

• General Instructions
  • Purpose of Form
  • Who Must File
  • When to Make the Election
  • Computer-Generated Form 1118
  • How to Complete Form 1118
  • Categories of Income
    • Passive Income
    • High Withholding Tax Interest
    • Financial Services Income
    • Shipping Income
    • Dividends From Each Noncontrolled Section 902 Corporation
    • Dividends From a DISC or Former DISC
    • Taxable Income Attributable to Foreign Trade Income
    • Certain Distributions From a FSC or Former FSC
    • Section 901(j) Income
    • Income Re-sourced by Treaty
    • General Limitation Income
  • Special Rules
    • Source Rules for Income
    • Look-Through Rules
    • Reporting Foreign Tax Information From Partnerships
    • Capital Gains
    • Coordination with Section 936
  • Credit Limitations
    • Taxes Eligible for a Credit
    • Credit or Deduction
    • No Credit or Deduction
    • Carryback and Carryforward of Excess Foreign Taxes
  • Treaty-Based Return Positions
  • Proof of Credits
  • Foreign Tax Credit Redeterminations
    • Reporting Requirements
    • Interest and Penalties
• Specific Instructions
  • Schedule A
  • Schedule B
    • Part I - Foreign Taxes Paid, Accrued, and Deemed Paid
    • Part II - Separate Credit Limitation
    • Part III - Summary of Separate Foreign Tax Credit Limitations
  • Schedule C
    • Part I - Dividends and Inclusions From Post-1986 Undistributed Earnings
    • Part II - Dividends Paid Out of Pre-1987 Accumulated Profits
    • Part III - Deemed Inclusions From Pre-1987 Earnings and Profits
  • Schedule D
    • Part I - Tax Deemed Paid by First-Tier Foreign Corporations
      • Section A - Dividends Paid Out of Post-1986 Undistributed Earnings
      • Section B - Dividends Paid Out of Pre-1987 Accumulated Profits
    • Part II - Dividends Deemed Paid by Second-Tier Foreign Corporation
  • Schedule E
  • Schedule F
  • Schedule G
  • Schedule H
    • Computer-Generated Schedule H
    • Part I - Research and Development Deductions
      • Column (a) Sales Method
      • Columns (a)(i) and (a)(iii)
      • Columns (a)(ii) and (a)(iv)
      • Column (b) Gross Income Methods
      • Column (b)(vi)
      • Column (b)(vii)
    • Part II - Interest Deductions, All Other Deductions, and Total Deductions
      • Columns (a)(i) through (b)(iv)
      • Columns (a)(i) and (a)(ii)
      • Columns (b)(iii) and (b)(iv)
      • Column (c)
  • Schedules I and J
  • Foreign Country and U.S. Possession Codes
• Paperwork Reduction Act Notice.

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