Interest on deficiency

December 1998
Practical Accountant;Dec98, Vol. 31 Issue 12, p22
Trade Publication
Reports on the United States Internal Revenue Service's imposition of interest for a tax deficiency that was wiped out by a later foreign tax credit carryback.


Related Articles

  • Foreign Tax Credits. Riedy, James A. // International Tax Journal;Sep2008, Vol. 34 Issue 5, p5 

    The article discusses the foreign tax credit under the voluntary payment or noncompulsory payment rule in the U.S. Under the voluntary payment rule, an amount of foreign income tax paid to a foreign government is not treated as an income tax for foreign tax credit purposes. A foreign income tax...

  • International Tax Issues Corner. Forst, David // Journal of Passthrough Entities;Mar/Apr2012, Vol. 15 Issue 2, p21 

    The article focuses on the issues of international tax allocation and apportionment of interest expense by corporations in the U.S. It states that the taxpayers' claim on the foreign tax credits gets limited in case of the income which is treated as foreign source. It also provides information...

  • International Tax Developments. Tanenbaum, Edward; Wessells, Diana // Corporate Business Taxation Monthly;Oct2008, Vol. 10 Issue 1, p7 

    The article offers information on the temporary regulations under Code Sec. 901 issued by the Treasury and the Internal Revenue Service (IRS) of the U.S. It notes that the temporary regulations are intended to prevent foreign tax credit generator transactions. On the other hand, it broadens the...

  • New Regulations Curtail Abuse of Foreign Tax Credit by Partnerships. Mannino, Laura Lee; Lai, Richard // Review of Business;Spring2005, Vol. 26 Issue 2, p53 

    The IRS recently issued temporary regulations that target foreign tax credit abuse by partnerships. The new regulations, which require that foreign taxes be allocated in accordance with the partners' ownership interests in the partnership, are consistent with the purpose of the foreign tax credit.

  • Eligibility of affiliated corporations for foreign tax credit.  // Practical Accountant;Mar98, Vol. 31 Issue 3, p18 

    Discusses the eligibility of affiliated corporations for foreign tax credits, with reference to Section 902(a).

  • Foreign taxes deemed paid guidance.  // Practical Accountant;Feb95, Vol. 28 Issue 2, p20 

    Reports on the proposal concerning the computation of foreign taxes.

  • Foreign tax credit or deduction available.  // Fairfield County Business Journal;04/07/97, Vol. 35 Issue 14, p14 

    Reports on the availability of foreign tax credits in the United States offered by the Internal Revenue Service.

  • Seeing double. Walsh, Helen // Finance Week;9/22/2003, p43 

    Discusses the need for people to consider foreign tax liabilities. Double tax agreement between two countries to decide income taxation; Provision from the Model Tax Convention of the Organization of Economic Cooperation and Development on overseas workers and foreign, income-producing assets;...

  • PERSONAL TAX.  // Accountancy;Apr98, Vol. 121 Issue 1256, p90 

    Reports on the abolition of general foreign earnings tax relief in Great Britain.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics