2022 Standard Federal Tax Reporter (CCH) T.D. 9959, Internal Revenue Service, (Dec. 28, 2021)

Summary

• Treasury Decision: Standard Federal Tax Reporter (2022), T.D. 9959, (Dec. 28, 2021)

  T.D. 9959, filed with the Federal Register on December 28, 2021 corrected (7/26/2022).

  Foreign tax credit: Disallowance of credit: Foreign branch category income.-

  [Code Secs. 164, 245A, 250, 336, 338, 367, 461, 861, 901, 903, 904, 905, 951A and 960]

  Reg. §§1.245A(d)-1 and amendments of 1.164-2, 1.245A(e)-1, 1.250(b)-1, 1.250(b)-5, 1.336-2, 1.336-5, 1.338-9, 1.367(b)-2, 1.367(b)-3, 1.367(b)-4, 1.367(b)-7, 1.367(b)-10, 1.461-1, 1.861-3, 1.861-8, 1.861-9, 1.861-10, 1.861-13, 1.861-14, 1.861-20, 1.901-1, 1.901-2, 1.903-1, 1.904-4, 1.904-6, 1.905-1, 1.905-3, 1.951A-2, 1.951A-7, 1.960-1, 1.960-2 and 1.960-7, relating to the foreign tax credit, including the disallowance of a credit or deduction for foreign income taxes with respect to dividends eligible for a dividends-received deduction; the allocation and apportionment of interest expense, foreign income tax expense, and certain deductions of life insurance ...