<p>IRS Issues Practice Unit on Calculating FTC Limitation</p>

IRS Issues Practice Unit on Calculating FTC Limitation

Internal Revenue Service

The IRS has issued a practice unit providing an overview of the rules for the allocation and apportionment of expenses, losses, and other deductions of a taxpayer in calculating the foreign tax credit limitation.

<p>The IRS has issued a practice unit providing an overview of the rules for the allocation and apportionment of expenses, losses, and other deductions of a taxpayer in calculating the foreign tax credit limitation.</p>