Form 1118

A form that a corporation files with the IRS in order to claim the foreign tax credit, which is a direct, dollar-for-dollar reduction in the corporation's U.S. tax liability due to taxes levied by a foreign government.

Mentioned in

Form 1118 (Schedule I)
Form 1118 (Schedule J)
Form 1118 (Schedule K)
Inst 1118
Inst 1118 (Schedule J)
Inst 1118 (Schedule K)

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