Schedule A

Form 1118

(Rev. December 2008)

Internal Revenue Service

Department of the Treasury

Foreign Tax Credit—Corporations

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

OMB No. 1545-0122

Name of corporation Employer identification number

Use a separate Form 1118 for each applicable category of income listed below. See Categories of Income on page 1 of instructions. Also, see Specific Instructions on page 5.

Check only one box on each form.

Passive Category Income

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

A

B

C

D

E

F

Totals (add lines A through F)

1. Foreign Country or

U.S. Possession (Enter

two-letter code from

list beginning on page

11 of instructions. Use

a separate line for

each.)*

Gross Income or (Loss) From Sources Outside the United States (INCLUDE Foreign Branch Gross Income here and on Schedule F)

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

7. Other (attach

schedule)

8. Total (add columns

2(a) through 7)

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))

12. Total

Deductions (add

columns 9(e)

through 11)

13. Total Income or

(Loss) Before

Adjustments (subtract

column 12 from

column 8)

Totals

For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 10900F Form 1118 (Rev. 12-2008)

General Category Income

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

A

B

C

D

E

F

© Attach to the corporation’s tax return.

Section 901(j) Income: Name of Sanctioned Country ©

Income Re-sourced by Treaty: Name of Country ©

* For section 863(b) income, NOLs, income from RICs, and high-taxed income, use a single line (see Schedule A on page 5 of the instructions).

© See separate instructions.

11. Net Operating

Loss Deduction
Form 1118 (Rev. 12-2008)

Part I—Foreign Taxes Paid, Accrued, and Deemed Paid (see page 6 of instructions)

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 2(a) through 2(g))

( )

3. Tax Deemed Paid

(from Schedule C—

Part I, column 10,

Part II, column 8(b),

and Part III, column 8)

A

B

C

D

E

F

Totals (add lines A through F)

Part II—Separate Foreign Tax Credit (Complete a separate Part II for each applicable category of income.)

1

2

3

5

6

7

8a

b

c

9

10

11

12

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 5) 

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 be completed,

enter the result from the “Totals” line of column 13 of the applicable Schedule A

Total taxable income from all sources (enter taxable income from the corporation’s tax return)

Adjustments to line 8a (see page 6 of instructions)

Subtract line 8b from line 8a

Divide line 7 by line 8c. Enter the resulting fraction as a decimal (see instructions). If line 7 is greater than line 8c, enter 1

Total U.S. income tax against which credit is allowed (regular tax liability (see section 26(b)) minus American Samoa economic development credit)

Credit limitation (multiply line 9 by line 10) (see page 6 of instructions)

Separate foreign tax credit (enter the smaller of line 6 or line 11 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 taxes paid to sanctioned countries.)

Credit for taxes on passive category income 

Credit for taxes on general category income

Total (add lines 1 through 3)

Reduction in credit for international boycott operations (see page 6 of instructions)

Total foreign tax credit (subtract line 5 from line 4). Enter here and on the appropriate line of the corporation’s tax return

1

2

3

4

5

6

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. 12-2008)

4 Taxes reclassified under high-tax kickout 
Form 1118 (Rev. 12-2008) Page 3

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 corporation under section 902(a), and deemed

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

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. Dollars

9. Divide

Column 8(a)

by Column 4

10. Tax Deemed Paid

(multiply column 7 by

column 9)

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

8. Tax Deemed Paid

(see instructions)

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 7. Divide

Column 6(a)

by

Column 4

8. Tax Deemed Paid

(multiply column 5 by

column 7)

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. Dollars

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

2. Tax Year End

(Yr-Mo) (see

instructions)

Form 1118 (Rev. 12-2008)
Form 1118 (Rev. 12-2008) Page 4

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, Part I, column 6(b).)

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 (in functional

currency)

9. Divide

Column

8(a) by

Column 4

10. Tax Deemed

Paid (multiply

column 7 by

column 9)

Section B—Dividends Paid Out of Pre-1987 Accumulated Profits (Include the column 8(b) results in Schedule C, Part I, column 6(b).)

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. Divide

Column

6(a) by

Column 4

Section A—Dividends Paid Out of Post-1986 Undistributed Earnings (Include the column 10 results in Section A, column 6(b), of Part I above.)

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 6(b), of Part I above.)

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. Divide

Column

6(a) by

Column 4

8. Tax Deemed Paid (see instructions)

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

compute the tax deemed paid by a second-tier foreign corporation with respect to dividends from a third-tier foreign corporation. Report all amounts in U.S.

dollars unless otherwise specified.

(a) Taxes Paid (b) Taxes Deemed

Paid (see instructions)

(a) In Functional

Currency of Third-tier

Corporation

(b) U.S. Dollars

(a) of Second-tier

Corporation

(b) of First-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 (in functional

currency) 9. Divide

Column

8(a) by

Column 4

10. Tax Deemed

Paid (multiply

column 7 by

(a) Taxes Paid column 9)

(b) Taxes Deemed

Paid (from

Schedule E, Part I,

column 10)

(a) of Third-tier

Corporation

(b) of Second-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)

8. Tax Deemed Paid (see instructions)

(a) Functional Currency

of Second-tier

Corporation

(b) U.S. Dollars
Form 1118 (Rev. 12-2008) Page 5

Part I—Tax Deemed Paid by Third-Tier Foreign Corporations (Include the column 10 results in Schedule D, Part II, Section A, column 6(b).)

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. Dividends Paid (in

functional currency) 9. Divide

Column

8(a) by

Column 4

10. Tax Deemed

Paid (multiply

column 7 by

column 9)

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 earnings of fourth-, fifth- and sixth-tier

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-tier

CFC

(b) Of

Third-tier

CFC

8. Dividends Paid (in

functional currency) 9. Divide

Column

8(a) by

Column 4

10. Tax Deemed

Paid (multiply

column 7 by

column 9)

(a) Of

Fifth-tier

CFC

(b) Of

Fourth-tier

CFC

8. Dividends Paid (in

functional currency) 9. Divide

Column

8(a) by

Column 4

10. Tax Deemed

Paid (multiply

column 7 by

column 9)

(a) Of

Sixth-tier

CFC

(b) Of

Fifth-tier

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. 12-2008)
Form 1118 (Rev. 12-2008) Page 6

Gross Income and Definitely Allocable Deductions for Foreign

Branches

1. Foreign Country or U.S. Possession (Enter

two-letter code from Schedule A, column 1.

Use a separate line for each.)

2. Gross Income 3. Definitely Allocable

Deductions

Reductions of Taxes Paid, Accrued, or Deemed Paid

Reduction of Taxes Under Section 901(e)—Attach

separate schedule

Reduction of Oil and Gas Extraction Taxes—Enter

amount from Schedule I, Part II, line 6

Reduction of Taxes Due to International Boycott Provisions—

Enter appropriate portion of Schedule C (Form 5713), line 2b.

Important: Enter only “specifically attributable taxes” here.

Reduction of Taxes for Section 6038(c) Penalty—

Attach separate schedule

Other Reductions of Taxes—Attach schedule(s)

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

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

C

D

E

F

A

B

C

D

E

Totals (add lines A through F)* ©

Schedule F Schedule G

Form 1118 (Rev. 12-2008)
Form 1118 (Rev. 12-2008) Page 7

Apportionment of Deductions Not Definitely Allocable (complete only once)

Part 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

Deductions Under

Sales Method (add

columns (ii) and (iv))

(b) Gross Income Method—Check method used:

Option 1 Option 2

(vi) Gross Income

(vii) Total R&D

Deductions Under

Gross Income Method

(c) Total R&D

Deductions Not

Definitely Allocable

(enter all amounts

from column (a)(v)

or all amounts from

column (b)(vii)) 1

2

3

a

b

c

d

4

Totals (see page 9 of instructions)

Total to be apportioned

Apportionment among statutory

groupings:

General category income

Passive category income

Total foreign (add lines 3a through 3d)

Schedule H

(See page 9 of

instructions.)

Section 901(j) income*

Income re-sourced by treaty*

*Important: See Computer-Generated Schedule H in instructions. Form 1118 (Rev. 12-2008)
Form 1118 (Rev. 12-2008) Page 8

Apportionment of Deductions Not Definitely Allocable (continued)

Part II—Interest Deductions, All Other Deductions, and Total Deductions

(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

(c) All Other

Deductions Not

Definitely Allocable (d) Totals (add the

corresponding

amounts from

column (c), Part I;

columns (b)(iii) and

(b)(iv), Part II; and

column (c), Part II).

Enter each amount

from lines 3a

through 3d below

in column 10 of the

corresponding

Schedule A.

1a

b

c

d

2

3

a

b

c

d

4

Totals (see pages 9 and 10 of instructions)

Amounts specifically allocable under Temp. Regs.

1.861-10T(e)

Other specific allocations under Temp. Regs. 1.861-10T

Assets excluded from apportionment formula

Apportionment among statutory groupings:

General category income

Passive category income

Total foreign (add lines 3a through 3d)

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

Schedule H

Section 901(j) income*

Income re-sourced by treaty*

Alternative tax book value

Total to be apportioned (subtract the sum of lines 1b, 1c,

and 1d from line 1a)

Form 1118 (Rev. 12-2008)