Fillable Form 1118 - Foreign Tax Credit - Corporations (Page 5 of 11) in pdf

Form 1118 - Foreign Tax Credit - Corporations Page 5

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Form 1118 (Rev. 12-2015)

Page

Schedule D

Tax Deemed Paid by First- and Second-Tier Foreign Corporations under Section 902(b)

Use Part I to compute the tax deemed paid by a first-tier foreign corporation with respect to dividends from a second-tier foreign corporation. Use Part II to

compute the tax deemed paid by a second-tier foreign corporation with respect to dividends from a third-tier foreign corporation. Report all amounts in U.S.

dollars unless otherwise specified.

Part I—Tax Deemed Paid by First-Tier Foreign Corporations

Section A—Dividends Paid Out of Post-1986 Undistributed Earnings (Include the column 10 results in Schedule C, Part I, column 6(b).)

1b. EIN (if any) of the

3. Country of Incorporation

4. Post-1986 Undistributed

5. Opening Balance in

1a. Name of Second-Tier Foreign Corporation

1c. Reference ID number

2. Tax Year End (Yr-Mo) (see

second-tier foreign

(enter country code - see

Earnings (in functional

Post-1986 Foreign Income

and Its Related First-Tier Foreign Corporation

(see instructions)

instructions)

corporation

instructions)

currency—attach schedule)

Taxes

6. Foreign Taxes Paid and Deemed Paid for Tax Year Indicated

8. Dividends Paid (in functional currency)

7. Post-1986 Foreign Income

10. Tax Deemed Paid

9. Divide column 8(a) by

Taxes (add columns 5,

(multiply column 7 by

column 4

(b) Taxes Deemed Paid (see

6(a), and 6(b))

column 9)

(a) Taxes Paid

instructions)

(a) of Second-tier Corporation

(b) of First-tier Corporation

Section B—Dividends Paid Out of Pre-1987 Accumulated Profits (Include the column 8(b) results in Schedule C, Part I, column 6(b).)

6. Dividends Paid (in functional

8. Tax Deemed Paid

5. Foreign Taxes

currency)

(see instructions)

3. Country of

4. Accumulated

Paid and Deemed

1a. Name of Second-Tier

1b. EIN (if any) of

1c. Reference ID

2. Tax Year End

Incorporation

Profits for Tax

Paid for Tax Year

7. Divide Column

Foreign Corporation and Its

the second-tier

number (see

(Yr-Mo) (see

(enter country

Year Indicated (in

Indicated

6(a) by

Related First-Tier Foreign

foreign

(a) Functional

instructions)

code - see

functional currency

(in functional

Column 4

Corporation

corporation

(a) of Second-tier

(b) of First-tier

Currency of

instructions)

—attach schedule)

currency—see

(b) U.S. Dollars

Corporation

Second-tier

instructions)

Corporation

1118

Form

(Rev. 12-2015)

Form 1118 - Foreign Tax Credit - Corporations Page 5

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