Schedule A

Form 1118Department of the TreasuryInternal Revenue Service(Rev. July 1994)

Foreign Tax Credit—Corporations

For calendar year 19 , or other tax year beginning ,19 , and ending , 19

OMB No. 1545-0122

Name Employer identification number

Complete this form for credit for

limitation categories of income. See

taxes paid on the following separate

instructions. Use a separate Form

1118 for each category. Check only

one box on each form. Dividends From 

Shipping IncomeFinancial Services IncomeHigh Withholding Tax Interest

Passive Income

Each Noncontrolled Section 902 Corporation (see instructions):

Name of Foreign Corporation © Country of Incorporation ©

Separate Limitation Income or (Loss) Before Adjustments

HGFEDCBA

Totals (add lines A through H)

1. Foreign Country or

U.S. Possession (Enter

two-letter code from

Use a separate line for

page 8 of instructions.

each.)

Separate Limitation Gross Income or (Loss) From Sources Outside the United States

(INCLUDE Foreign Branch and Section 863(b) Gross Income here and on Schedule F—See instructions)

2. Deemed Dividends (see instructions) 3. Other Dividends

(a) Exclude gross-up (b) Gross-up (sec. 78)

4. Interest

5. Gross Rents,

License Fees

Royalties, and

6. Gross Income

From Performance

of Services

7. 

schedule)

Other (attach 8. Total (add columns

2a through 7)

Separate Limitation Deductions

(INCLUDE Foreign Branch and Section 863(b) Deductions here and on Schedule F—See instructions)

9. Definitely Allocable Deductions

(a) 

Rental, Royalty, and Licensing Expenses

Depreciation,

Depletion, and

Amortization

(b) Other Expenses

(c) Expenses Related to

Gross Income From

Performance of Services

(d) Other Definitely

Allocable Deductions

(e) Total Definitely

Allocable Deductions (add

columns 9a through 9d)

10. Apportioned Share of

Deductions Not Definitely

Allocable (enter amount

from applicable line of

Schedule H, Part II,

column (d))

11. Total Deductions

(add columns 9e and 10)

12. Total Separate

Limitation Income or

(Loss) Before

Adjustments (subtract

column 11 from

column 8)

For Paperwork Reduction Act Notice, see page 1 of the Instructions.Totals

Cat. No. 10900F Form 1118 (Rev. 7-94)

General Limitation Income (see instructions)Certain Distributions From a FSC or Former FSCTaxable Income Attributable To Foreign Trade IncomeDividends From a DISC or Former DISC

(a) Exclude gross-up (b) Gross-up (sec. 78)

HGFEDCBA

© Attach to the corporation’s tax return.
Part I—Foreign Taxes Paid, Accrued, and Deemed Paid

Form 1118 (Rev. 7-94) Page 2

1. Credit is Claimed

for Taxes:

Paid Accrued

Date Paid Date Accrued

2. Foreign Taxes Paid or Accrued (attach schedule showing amounts in foreign currency and conversion rate(s) used)

Tax Withheld at Source on:

(a) Dividends (b) Interest (c) Rents, Royalties, and License Fees

Other Foreign Taxes Paid or Accrued on:

(d) Section

863(b) Income

(e) Foreign

Branch Income (f) Services Income (g) Other

(h) Total Foreign Taxes

Paid or Accrued (add

columns 2a through 2g)

( )

3. Tax Deemed Paid

(from Schedule C,

Part I, column 9, and

Schedule C, Part II,

column 10)

HGFEDCBA

Totals (add lines A through H)Part II—Separate Limitation Foreign Tax Credit

7a

654321

cb

98

121110

Carryback or carryover (attach schedule showing computation in detail—see Reductions of taxes paid, accrued, or deemed paid (enter total from Schedule G, Part II)Total taxes deemed paid (from Part I, column 3, “Totals” line)Total foreign taxes paid or accrued (from Part I, column 2h, “Totals” line)

Carryback and Carryover of Excess Foreign Taxes on page 3 of the instructions)

Numerator of Limitation Fraction.—Foreign Tax Credit Limitation:Total foreign taxes (combine lines 1 through 4) 

If required to complete Schedule J, enter the result from the applicable column of Schedule J, Part I, line 11. If not

Denominator of Limitation Fraction.—Adjustments to line 7a. (See instructions.)Total taxable income from all sources (enter taxable income from the corporation’s tax return)required to complete Schedule J, enter the result from the “Totals” line of column 12 of the applicable Schedule A

Subtract line 7b from line 7a

Foreign tax credit (enter the smaller of line 5 or line 10 here and on the appropriate line of Part III)Limitation (multiply line 8 by line 9). (See instructions.)Total U.S. income tax against which credit is allowed (regular tax liability (as defined in section 26(b)) minus possessions tax credit determined under section 936)Divide line 6 by line 7c. (Enter the resulting fraction as a decimal less than 1.00000. If line 6 is greater than line 7c, enter 1.)

Part III—Summary of Separate Limitation Foreign Tax Credits from Schedule B, Part II of Separate Forms 1118 (Complete Only Once)

Total foreign tax credit Reduction in credit for international boycott operations (see instructions)Total (add lines 1 through 9)Credit for taxes on General Limitation IncomeCredit for taxes on certain distributions from a FSC or former FSCCredit for taxes on taxable income attributable to foreign trade incomeCredit for taxes on dividends from a DISC or former DISCCredit for taxes on dividends from each noncontrolled section 902 corporation (combine all such credits on this line)Credit for taxes on shipping incomeCredit for taxes on financial services incomeCredit for taxes on high withholding tax interestCredit for taxes on passive income 

(subtract line 11 from line 10). Enter here and on the corporation’s tax return 

98

7

654321

1110

Schedule B Foreign Tax Credit
Form 1118 (Rev. 7-94) Page 3

Taxes Deemed Paid by Domestic Corporation Filing Return—Report all amounts in U.S. dollars unless otherwise specified.deemed distributions from a first-tier, second-tier, or third-tier foreign corporation under section 960(a).Use this schedule to compute the tax deemed paid by the corporation for actual distributions from a first-tier foreign corporation under section 902(a), and

1.

Part I—Distributions From Post-1986 Earnings and Profits

(identify DISCs and

 Name of Corporation

former DISCs)

2. Incorporated

of (enter country

Under the Laws

code from

instructions)

3. Undistributed E&P for Tax

Years Beginning After 1986

(excluding PTI)—attach

schedule. (Report amounts in

functional currency.)

4. Foreign Taxes Paid or

Accrued on E&P (and not

Years Beginning After 1986

previously credited) for Tax

5. Taxes Deemed

D, Part I, column 9)

Paid (from Schedule 6. Add Columns 4 and 5

7. Dividends Paid and

Deemed Paid

(a) Functional Currency (b) U.S. Dollars

8. Divide

Column 7a

by Column 3

9. Tax Deemed Paid

(multiply column 8 by

column 6)

Total (Add amounts in column 9. Include result here and on “Totals” line of Schedule B, Part I, column 3) ©

1. 

Part II—Distributions From Pre-1987 Earnings and Profits

(identify DISCs and

Name of Corporation

former DISCs)

2. Tax Year

End (Yr-Mo)

(see

instructions)

3. Incorporated

of (enter country

Under the Laws

code from

instructions)

4. E&P for Tax Year

Indicated

(attach schedule)

5. Foreign Taxes Paid

Tax Year Indicated (see

or Accrued on E&P for

instructions)

6. 

Part II, column 10)

(from Schedule D,

Taxes Deemed Paid 7. Add Columns 5

and 6

8. Dividends Paid and

Deemed Paid

9. Divide

Column 8

by

Column 4

10. Tax Deemed Paid

(multiply column 9

by column 7)

Total (Add amounts in column 10. Include result here and on “Totals” line of Schedule B, Part I, column 3) ©

Schedule C
Form 1118 (Rev. 7-94) Page 4

Tax Deemed Paid by First-Tier Foreign Corporations—Report all amounts in U.S. dollars unless otherwise specified.Use this schedule to compute the tax deemed paid by a first-tier foreign corporation for dividends from a second-tier foreign corporation under section 902(b)(1).

Part I—Distributions From Post-1986 Earnings and Profits (Enter the column 9 results in Schedule C, Part I, column 5.)

1. 

Corporation and its Related

Name of Second-Tier Foreign

First-Tier Foreign Corporation

2. Incorporated

Under the Laws of

(enter country code

from instructions)

3. Undistributed E&P for Tax

Years Beginning After 1986

(excluding PTI)—attach schedule. (Report amounts in functional

currency.)

4. Foreign Taxes Paid or

Accrued on E&P (and not

Years Beginning After 1986

previously credited) for Tax

(see instructions)

5. Taxes Deemed

Paid (from

Schedule E, Part I,

Column 7)

6. Add Columns

4 and 5

7. Dividends Paid

and Deemed Paid

(a) Functional Currency (b) U.S. Dollars

8. Divide

Column

7a by

Column 3

9. Tax Deemed

column 8 by

Paid (multiply

column 6)

Part II—Distributions From Pre-1987 Earnings and Profits (Enter the column 10 results in Schedule C, Part II, column 6.)

1. 

Corporation and its Related

Name of Second-Tier Foreign

First-Tier Foreign Corporation

2. Tax Year

End (Yr-Mo)

(see

instructions)

3. Incorporated

Under the Laws of

(enter country code

from instructions)

4. E&P for Tax

Year Indicated

(attach schedule)

5. Foreign Taxes Paid or

Accrued on E&P for Tax

Year Indicated (see

instructions)

6. Taxes Deemed

E, Part II, Column 8)Paid (from Schedule 7. Add Columns 5 and 6 8. Dividends Paid and Deemed Paid 9. Divide Column 8 by Column 4 10. Tax Deemed column 9 by Paid (multiply column 7)

Tax Deemed Paid by Second-Tier Foreign Corporations—Report all amounts in U.S. dollars unless otherwise specified.Use this schedule to compute the tax deemed paid by a second-tier foreign corporation for dividends from a third-tier foreign corporation under section 902(b)(2).

Part I—Distributions From Post-1986 Earnings and Profits (Enter the column 7 results in Schedule D, Part I, column 5.)Part II—Distributions From Pre-1987 Earnings and Profits (Enter the column 8 results in Schedule D, Part II, column 6.)

1. Name of Third-Tier Foreign

Corporation and its Related

Second-Tier Foreign Corporation

2. Incorporated

of (enter country

Under the Laws

code from

instructions)

3.

amounts in functional currency.)

PTI)—attach schedule. (Report

Beginning After 1986 (excluding

 Undistributed E&P for Tax Years 4. Foreign Taxes Paid or Accrued

on E&P (and not previously

credited) for Tax Years Beginning

After 1986 (see instructions)

5. Dividends Paid and Deemed Paid

(a) Functional Currency (b) U.S. Dollars

6. Divide

Column

5a by

Column 3

7. Tax Deemed Paid

(multiply column 6 by

column 4)

1. Name of Third-Tier Foreign

Corporation and its Related

Second-Tier Foreign Corporation

2. Tax Year End

instructions)

(Yr-Mo) (see

3. Incorporated Under the

code from instructions)

Laws of (enter country 4. E&P for Tax Year Indicated (attach schedule) 5. Foreign Taxes Paid or Accrued on E&P for Tax Year Indicated (see instructions) 6. Dividends Paid and Deemed Paid 7. Divide Column 6 by Column 4 8. Tax Deemed Paid (multiply column 7 by column 5)

Schedule ESchedule D
Form 1118 (Rev. 7-94) Page 5

Outside the U.S. Under Section 863(b) and for Foreign BranchesGross Income and Definitely Allocable Deductions From Sources

1. Name of Foreign Country or U.S.

Possession (Use a separate line for each.) 2. Gross Income 3. Definitely Allocable Deductions

Part I—Section 863(b)

H

G

F

E

DC

B

A

Totals (add lines A through H)* ©Part II—Foreign Branches

Reduction for Taxes Under Section 901(j))Reductions of Taxes Paid, Accrued, or Deemed Paid (Including

1. Name of Foreign Country

(Use a separate line for each.) 2. Taxable Income or (Loss) 3. Foreign Income Tax Paid, Accrued, or Deemed Paid

Total Part I—Reduction of Taxes Under Section 901(j)

(add lines A through H). Enter here and on line B, Part II below.

Part II—Summary of Reductions of Taxes Paid, Accrued, or Deemed Paid

Important: Enter appropriate portion of Schedule C (Form 5713), line 2b.Reduction of Taxes Due to International Boycott Provisions—

amount from Schedule I, Part II, line 6Reduction of Oil and Gas Extraction Taxes—Enterfrom Part I aboveReduction of Taxes Under Section 901(j)—Enter totalseparate scheduleReduction of Taxes Under Section 901(e)—Attach

Enter only “specifically attributable taxes” here.

Other Reductions of Taxes—Attach schedule(s)Attach separate scheduleReduction of Taxes for Section 6038(c) Penalty—

Total (add lines A through F). Enter here and on ScheduleB, Part II, line 3 ©

* Note: 

Schedule A.) However, the IRS requires the corporation to complete Schedule F under the authority of section 905(b).

The Schedule F totals are not carried over to any other Form 1118 Schedule. (These totals were already included in

H

G

F

E

DC

B

A

H

G

F

E

DC

B

A

F

E

DC

B

A

Totals (add lines A through H)* ©

Schedule F Schedule G
Form 1118 (Rev. 7-94) Page 6

Apportionment of Deductions Not Definitely Allocable (Complete Only Once)

Part II—Interest Deductions, All Other Deductions, and Total DeductionsPart I—Research and Development Deductions

(a) Sales Method

Product line #1 (SIC Code: )*

(i) Gross Sales (ii) R&D Deductions

Product line #2 (SIC Code: )*

(iii) Gross Sales (iv) R&D Deductions

(v) Total R&D

Sales Method (add

Deductions Under

columns (ii) and (iv))

(b) Gross Income Method—Check method used:

Option 1 Option 2 (See instructions.)

(vi) Gross Income

(vii) Total R&D

Deductions Under

Gross Income Method

(c) Total R&D

Deductions Not

or all amounts from

from column (a)(v)(enter all amounts

Definitely Allocable

column (b)(vii))

321

h

g

f

e

d

c

b

a

4

902 corporation Dividends from noncontrolled sectionShipping incomeFinancial services incomeHigh withholding tax interestPassive incomeGeneral limitation incomeApportionment among statutory groupings:

Total to be apportionedTotals (see instructions)

#1*

902 corporation Dividends from noncontrolled section

#2*

Total foreign (add lines 3a through 3h)trade incomeTaxable income attributable to foreign

(a) 

Fair market value Tax book value

Average value of assets—Check method used:

(i) Nonfinancial

Corporations (ii) Financial Corporations

(b) Interest Deductions

(iii) Nonfinancial

Corporations

(iv) Financial

Corporations

(c) All Other

Deductions Not

Definitely Allocable

(d) Totals (add the

amounts from

corresponding

Enter each amount

column (c), Part II).

(b)(iv), Part II; and

columns (b)(iii) and

column (c), Part I;

from lines 3a

through 3j below in

column 10 of the

corresponding

Schedule A.

1a

d

c

b

32

h

g

f

e

d

c

b

a

j

i

4

Dividends from noncontrolled section 902 corporation Shipping incomeFinancial services incomeHigh withholding tax interestPassive incomeGeneral limitation incomeApportionment among statutory groupings:Total to be apportioned (subtract lines 1b and 1c from line 1a)Other allocations (see instructions)Other specific allocations under Temp. Regs. 1.861-10TAmounts specifically allocable under Temp. Regs. 1.861-10T(e)

Totals (see instructions)

#1*

Dividends from noncontrolled section 902 corporation #2*Total foreign (add lines 3a through 3j)Dividends from a DISC or former DISCCertain distributions from a FSC or former FSCTaxable income attributable to foreign trade income

* Important: If the corporation has more than two product lines OR if it received dividends from more than two noncontrolled section 902 corporations, see instructions.

Schedule H

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