Schedule C Individual - Credit For Taxes Paid To Foreign Countries, The United States, Its Territories And Possessions - 2012 Page 2

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Rev. Feb 19 13
Schedule C Individual - Page 2
Part II
Taxes Paid to the United States, its Possessions and Foreing Countries
33
Credit for taxes:
Foreign Country, Territory or Possession of the United States
Paid
Accrued
United States
Total
A
B
C
(See instructions)
(See instructions)
Name of the country, territory or possession ...................
00
1.
Taxes paid or accrued during the year ........................
00
00
(18)
00
(23)
00
(08)
(13)
(01)
2.
Date paid or accrued .........................................
Part III
Determination of Credit
1.
Net income from sources
of the country, territory or possession:
(Part I, line 3) ...........................................................
00
00
(02)
00
00
00
(09)
(19)
(14)
(24)
2.
Net income from all sources
(See instructions) .....................
00
(03)
3.
Limitation (Divide line 1 by line 2. Enter
the result rounded to two decimal places) ................
%
%
%
%
%
(04)
(10)
(20)
(15)
(25)
4.
Taxes to be paid in Puerto Rico
(See instructions) .....................
00
(05)
5.
Limitation by country, territory or possession:
00
00
00
00
00
(26)
(11)
(16)
(21)
a) Multiply line 4 by line 3 .................................
(06)
b) Enter the smaller of line 5(a) or Part II,
(12)
00
00
(17)
00
(22)
00
line 1 ............................................................
(07)
6.
Total limitation:
a) Add line 5(b) from Columns A, B, C and United States ...............................................................................................................
00
(27)
b) Enter the smaller of the Total Column, line 5(a) or line 6(a). Transfer to Part 3, line 16 of the return ..........................................
00
(28)
Retention Period: Ten (10) years

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