Schedule A

Form 1118(Rev. February 2002)Internal Revenue ServiceDepartment of the Treasury

Foreign Tax Credit—Corporations

For calendar year 20 , or other tax year beginning , 20 , and ending , 20

Name of corporation 

Use a separate Form 1118 for each applicable category of income listed below. See Categories of Income on page 1 of instructions. Also, s

Check only one box on each form.

Passive Income

High Withholding Tax InterestFinancial Services IncomeShipping Income Dividends From Each Noncontrolled Section 902 Corporation:

Name of Foreign Corporation  Country of Incor

Income or (Loss) Before Adjustments (Report all amounts in U.S. dollars. See page 5 of instructions. )

ABC

DEFG

Totals (add lines A through G)

1. Foreign Country or

U.S. Possession (Enter

two-letter code from

list beginning on page

10 of instructions. Use

a separate line for

each.)*

Gross Income or (Loss) From Sources Outside the United States (INCLUDE Foreign Branch Gross Income her

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

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

4. Interest

5. Gross Rents,

Royalties, and

License Fees

6. Gross Income

From Performance

of Services

Deductions (INCLUDE Foreign Branch Deductions here and on Schedule F)

9. Definitely Allocable Deductions

Rental, Royalty, and Licensing Expenses

(a) 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 9(a) through 9(d))

10. Apportioned Share of

Deductions Not Definitely

Allocable (enter amount

from applicable line of

Schedule H, Part II,

column (d))

11. T

(add co

TotalsFor Paperwork Reduction Act Notice, see separate instructions. Cat. No. 10900F 

Dividends From a DISC or Former DISCTaxable Income Attributable To Foreign Trade IncomeCertain Distributions From a FSC or Former FSC General Limitation Income

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

ABCDEFG

 Attach to the corporation’s tax return.

Section 901(j) Income: Name oIncome Re-sourced by Treaty: 

* For section 863(b) income, use a single line and enter “863(b).”

 See separate instructions.
Form 1118 (Rev. 2-2002)

Part I—Foreign Taxes Paid, Accrued, and Deemed Paid (See page 5 of instructions. )

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

ABCDEF

G

Totals (add lines A through G)Part II—Separate Foreign Tax Credit ( Complete a separate Part II for each applicable category of income. )

12345

6

7a

bc

8

9

101112

Total foreign taxes paid or accrued (total from Part I, column 2(h))

Total taxes deemed paid (total from Part I, column 3)Reductions of taxes paid, accrued, or deemed paid (enter total from Schedule G)Total carryover of foreign taxes (attach schedule showing computation in detail—see page 6 of the instructions)Total foreign taxes (combine lines 1 through 4)

Enter the amount from the applicable column of Schedule J, Part I, line 11. (See page 6 of instructions.) If Schedule J is not required to 

enter the result from the “Totals” line of column 12 of the applicable Schedule A

Total taxable income from all sources (enter taxable income from the corporation’s tax return)Adjustments to line 7a. (See page 6 of instructions.)

Subtract line 7b from line 7a

Divide line 6 by line 7c. Enter the resulting fraction as a decimal. (See instructions.) If line 6 is greater than line 7c, enter 1

Total U.S. income tax against which credit is allowed (regular tax liability (see section 26(b)) minus possessions tax credit determined under sectioCredit limitation (multiply line 8 by line 9). (See page 6 of instructions.)Separate foreign tax credit (enter the smaller of line 5 or line 10 here and on the appropriate line of Part III)

Part III—Summary of Separate Credits (Enter amounts from Part II, line 11 for each applicable category of income. Do not include taxe

to foreign trade income or taxes paid to sanctioned countries.

Credit for taxes on passive incomeCredit for taxes on high withholding tax interestCredit for taxes on financial services incomeCredit for taxes on shipping incomeCredit for taxes on dividends from each noncontrolled section 902 corporation (combine all such credits on this line)Credit for taxes on dividends from a DISC or former DISCCredit for taxes on certain distributions from a FSC or former FSCCredit for taxes on general limitation incomeTotal (add lines 1 through 9)Reduction in credit for international boycott operations (see page 6 of instructions)Total foreign tax credit (subtract line 11 from line 10). Enter here and on the appropriate line of the corporation’s tax return

123456

7

89

1011

Schedule B Foreign Tax Credit (Report all foreign tax amounts in U.S. dollars. )

Credit for taxes on income re-sourced by treaty (combine all such credits on this line)
Form 1118 (Rev. 2-2002) 

Tax Deemed Paid by Domestic Corporation Filing Return

Use this schedule to figure the tax deemed paid by the corporation with respect to dividends from a first-tier foreign corporatio

inclusions of earnings from a first- or lower-tier foreign corporation under section 960(a). Report all amounts in U.S. dollar

Part I—Dividends and Deemed Inclusions From Post-1986 Undistributed Earnings

1. Name of Foreign

Corporation

(identify DISCs and

former DISCs)

3. Country of

Incorporation

(enter country

code from

instructions)

4. Post-1986

Undistributed

Earnings (in

functional

currency—attach schedule)

5. Opening

Balance in

Post-1986

Foreign Income

Taxes

6. Foreign Taxes Paid and Deemed

Paid for Tax Year Indicated 7. Post-1986 Foreign Income

Taxes (add

columns 5,

6(a), and 6(b))

8. Dividends and

Deemed Inclusions

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

Total (Add amounts in column 10. Enter the result here and include on “Totals” line of Schedule B, Part I, column 3) Part II—Dividends Paid Out of Pre-1987 Accumulated Profits

1. Name of Foreign

Corporation (identify

DISCs and former

DISCs)

2. Tax Year End

(Yr-Mo) (see

instructions)

3. Country of

Incorporation (enter

country code from

instructions)

4. Accumulated Profits

for Tax Year Indicated

(in functional currency

computed under

section 902) (attach

schedule)

5. Foreign Taxes Paid

and Deemed Paid on

Earnings and Profits

(E&P) for Tax Year

Indicated

(in functional currency)

(see instructions)

6. Dividends Paid 7. Divide

Column 6(a)

by

Column 4

Total (Add amounts in column 8b. Enter the result here and include on “Totals” line of Schedule B, Part I, column 3) 

Schedule C

Part III—Deemed Inclusions From Pre-1987 Earnings and Profits

1. Name of Foreign

Corporation (identify

DISCs and former

DISCs)

2. Tax Year End

(Yr-Mo) (see

instructions)

3. Country of

Incorporation (enter

country code from

instructions)

4. E&P for Tax Year Indicated

(in functional currency

translated from U.S. dollars,

computed under section 964)

(attach schedule)

5. Foreign Taxes Paid

and Deemed Paid for

Tax Year Indicated (see

instructions)

6. Deemed Inclusions 

Total (Add amounts in column 8. Enter the result here and include on “Totals” line of Schedule B, Part I, column 3) 

(a) Taxes Paid

(b) Taxes Deemed

Paid (from

Schedule D, Part I—

see instructions)

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

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

2. Tax Year End

(Yr-Mo) (see

instructions)
Form 1118 (Rev. 2-2002) 

Tax Deemed Paid by First- and Second-Tier Foreign Corporations under Section 902(b)

Section A—Dividends Paid Out of Post-1986 Undistributed Earnings (Include the column 10 results in Schedule C

1. Name of Second-Tier Foreign

Corporation and Its Related

First-Tier Foreign Corporation

3. Country of

Incorporation (enter

country code from

instructions)

4. Post-1986

Undistributed Earnings (in functional

currency—attach schedule)

5. Opening

Balance in

Post-1986 Foreign

Income Taxes

6. Foreign Taxes Paid and Deemed

Paid for Tax Year Indicated

7. Post-1986

Foreign Income

Taxes (add

columns 5,

6(a), and 6(b))

8. Dividends Paid 

curren

Section B—Dividends Paid Out of Pre-1987 Accumulated Profits (Include the column 8(b) results in Schedule C, Pa

1. Name of Second-Tier Foreign

Corporation and Its Related

First-Tier Foreign Corporation

2. Tax Year

End (Yr-Mo)

(see

instructions)

3. Country of

Incorporation (enter

country code from

instructions)

4. Accumulated Profits for

Tax Year Indicated

(in functional currency—

attach schedule)

5. Foreign Taxes Paid and Deemed

Paid for Tax Year Indicated

(in functional currency— see instructions)

7. D

Col

6(a

Colu

Section A—Dividends Paid Out of Post-1986 Undistributed Earnings (Include the column 10 results in Section A, colum

1. Name of Third-Tier Foreign

Corporation and Its Related

Second-Tier Foreign Corporation

Schedule D

Part II—Tax Deemed Paid by Second-Tier Foreign Corporations

Part I—Tax Deemed Paid by First-Tier Foreign Corporations

Section B—Dividends Paid Out of Pre-1987 Accumulated Profits (Include the column 8(b) results in Section A, column 

1. Name of Third-Tier Foreign

Corporation and Its Related

Second-Tier Foreign Corporation

2. Tax Year

End (Yr-Mo)

(see

instructions)

3. Country of

Incorporation (enter

country code from

instructions)

4. Accumulated Profits for

Tax Year Indicated

(in functional currency—

attach schedule)

5. Foreign Taxes Paid and Deemed Paid for Tax Year Indicated (in

functional currency—see instructions)

6. Dividends Paid (in functional currency) 7. D

Co

6(a

Colu

Use Part I to compute the tax deemed paid by a first-tier foreign corporation with respect to dividends from a second-tier 

compute the tax deemed paid by a second-tier foreign corporation with respect to dividends from a third-tier foreign corpo

dollars unless otherwise specified.

(a) Taxes Paid (b) Taxes Deemed Paid (see instructions)

(a) of Second-tier

Corporation

6. Foreign Taxes Paid and Deemed

Paid for Tax Year Indicated

7. Post-1986

Foreign

Income Taxes

(add columns

5, 6(a), and

6(b))

8. Dividends Paid 

curren

(a) Taxes Paid

(b) Taxes Deemed

Paid (from

Schedule E, Part I,

column 10)

(a) of Third-tier

Corporation

(b) of Second-tier

Corporation

(a) of Third-tier

Corporation

6. Dividends Paid (in functional currency)

(a) of Second-tier

Corporation

(b) of First-tier

Corporation

2. Tax Year

End (Yr-Mo)

(see

instructions)

3. Country of

Incorporation (enter

country code from

instructions)

4. Post-1986

Undistributed Earnings (in functional

currency—attach schedule)

5. Opening

Balance in

Post-1986 Foreign

Income Taxes

2. Tax Year

End (Yr-Mo)

(see

instructions)
Form 1118 (Rev. 2-2002) 

Part I—Tax Deemed Paid by Third-Tier Foreign Corporations (Include the column 10 results in Schedule D, Part II, Section A

1. Name of Fourth-Tier Foreign

Corporation and Its Related

Third-Tier Foreign Corporation

3. Country of

Incorporation (enter

country code from

instructions)

5. Opening

Balance in

Post-1986

Foreign Income

Taxes

8. Divid

functio

Schedule E Tax Deemed Paid by Certain Third-, Fourth-, and Fifth-Tier Foreign Corporations Under Section 902(b)

4. Post-1986

Undistributed Earnings

(in functional

currency—attach

schedule)

Part II—Tax Deemed Paid by Fourth-Tier Foreign Corporations (Include the column 10 results in column 6(b) of Part I above

1. Name of Fifth-Tier Foreign

Corporation and Its Related

Fourth-Tier Foreign Corporation

3. Country of

Incorporation (enter

country code from

instructions)

Part III—Tax Deemed Paid by Fifth-Tier Foreign Corporations (Include the column 10 results in column 6(b) of Part II above.)

1. Name of Sixth-Tier Foreign

Corporation and Its Related

Fifth-Tier Foreign Corporation

3. Country of

Incorporation (enter

country code from

instructions)

6. Foreign Taxes

Paid For Tax Year

Indicated

Use this schedule to report taxes deemed paid with respect to dividends from eligible post-1986 undistributed earn

controlled foreign corporations. Report all amounts in U.S. dollars unless otherwise specified.

7. Post-1986

Foreign Income

Taxes (add

columns 5, 6(a),

and 6(b))

6. Foreign Taxes Paid and Deemed

Paid for Tax Year Indicated

(a) Taxes Paid

(b) Taxes Deemed

Paid (from Part II,

column 10)

5. Opening

Balance in

Post-1986

Foreign Income

Taxes

4. Post-1986

Undistributed Earnings

(in functional

currency—attach

schedule)

5. Opening

Balance in

Post-1986

Foreign Income

Taxes

4. Post-1986

Undistributed Earnings

(in functional

currency—attach

schedule)

2. Tax Year

End

(Yr-Mo)

(see

instructions)

2. Tax Year

End

(Yr-Mo)

(see

instructions)

2. Tax Year

End

(Yr-Mo)

(see

instructions)

(a) Of

Fourth-t

CFC

8. Divid

functio

(a) Of

Fifth-tie

CFC

8. Divid

functio

(a) Of

Sixth-tie

CFC

7. Post-1986

Foreign Income

Taxes (add

columns 5, 6(a),

and 6(b))

7. Post-1986

Foreign Income

Taxes (add

columns 5 and 6)

6. Foreign Taxes Paid and Deemed

Paid for Tax Year Indicated

(a) Taxes Paid

(b) Taxes Deemed

Paid (from Part III,

column 10)
Form 1118 (Rev. 2-2002) 

Gross Income and Definitely Allocable Deductions for Foreign

Branches

1. Name of Foreign Country or U.S.

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

Reductions of Taxes Paid, Accrue

Reduction of Taxes Under Section 901(e)—A

separate schedule

Reduction of Oil and Gas Extraction Taxes—

amount from Schedule I, Part II, line 6

Reduction of Taxes Due to International Boycott Provis

Enter appropriate portion of Schedule C (Form 5713), 

Important: Enter only “specifically attributable taxes” 

Reduction of Taxes for Section 6038(c) Pen

Attach separate schedule

Other Reductions of Taxes—Attach schedule(s)

Total (add lines A through E). Enter here and on Sch

B, Part II, line 3 

* Note: The Schedule F totals are not carried over to any other Form 1118 Schedule. (These totals were already included in Schedule A.) However, the IRS requires the corporation to complete Schedule F under the authority of section 905(b).

A

B

CD

E

F

G

A

B

CD

E

Totals (add lines A through G)* 

Schedule F Schedule G
Form 1118 (Rev. 2-2002) 

Apportionment of Deductions Not Definitely Allocable ( Complete Only Once)

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

Deductions Under

Sales Method (add

columns (ii) and (iv))

(b) Gross Income Metho

Option 1 Op

(vi) Gross Income

1 23

a

b

c

d

e

f

g

h

4

Totals (see page 8 of instructions)Total to be apportioned

Apportionment among statutory groupings:General limitation incomePassive incomeHigh withholding tax interestFinancial services incomeShipping incomeDividends from noncontrolled section 902 corp.*Taxable income attributable to foreign trade incomeTotal foreign (add lines 3a through 3i)

(a) Average Value of Assets—Check method used:

Fair market value Tax book value

(i) Nonfinancial

Corporations (ii) Financial Corporations

(b) Interest Deductions

(iii) Nonfinancial

Corporations

(iv) Financial

Corporations

1a

b

c

d

23

a

b

c

d

e

f

g

h

i

j

4

Totals (see page 9 of instructions)

Amounts specifically allocable under Temp. Regs. 1.861-10T(e)Other specific allocations under Temp. Regs. 1.861-10TAssets excluded from apportionment formulaTotal to be apportioned (subtract lines 1b, 1c, and 1d from line 1a)Apportionment among statutory groupings:General limitation incomePassive incomeHigh withholding tax interestFinancial services incomeShipping incomeDividends from noncontrolled section 902 corporation*Taxable income attributable to foreign trade incomeCertain distributions from a FSC or former FSCDividends from a DISC or former DISCTotal foreign (add lines 3a through 3k)

* Important: See Computer-Generated Schedule H in instructions.

Schedule H

i

Section 901(j) income*

k

Section 901(j) income*

Income re-sourced by treaty*

Income re-sourced by treaty*