(a) Allowance of credit. In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year the amount equal to the sum of-- (1) the American ...

(1) Translation of accrued taxes. (A) In general. For purposes of determining the amount of the foreign tax credit, in the case of a taxpayer who takes foreign income taxes into account when accrued, ...

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Available IRS Services during the Labor Day Planned Maintenance Outage A planned power outage around the Labor Day weekend will affect a number of IRS systems and limit the availability of several ...

(a) Requirements applicable to regulated investment companies. The provisions of this part (other than subsection (c) of this section) shall not be applicable to a regulated investment company for a ...

(a) In general. Unless otherwise provided in regulations, all determinations under this subtitle shall be made in the taxpayer's functional currency. (b) Functional currency. (B) in the case of a ...