Instructions for IRS Form 1120-F Schedule I Interest Expense Allocation Under Regulations Section 1.882-5

IRS Form 1120-F Schedule I Interest Expense Allocation Under Regulations Section 1.882-5

This document contains official instructions for IRS Form 1120-F Schedule I, Interest Expense Allocation Under Regulations Section 1.882-5 - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1120-F Schedule I is available for download through this link.

FAQ

Q: What is IRS Form 1120-F Schedule I?
A: IRS Form 1120-F Schedule I is a form used by foreign corporations to report interest expense allocation.

Q: What is the purpose of Schedule I?
A: The purpose of Schedule I is to allocate interest expense to effectively connected income (ECI) and non-ECI.

Q: What does Regulations Section 1.882-5 refer to?
A: Regulations Section 1.882-5 refers to the regulations that provide guidance on the allocation of interest expense for foreign corporations.

Q: Who needs to file Form 1120-F Schedule I?
A: Foreign corporations that have interest expense and need to allocate it between ECI and non-ECI are required to file Form 1120-F Schedule I.

Q: What information is required on Schedule I?
A: Schedule I requires the foreign corporation to provide details of its interest expense and allocate it between ECI and non-ECI.

Q: When is Form 1120-F Schedule I due?
A: Form 1120-F Schedule I is due on the same date as the foreign corporation's Form 1120-F, which is generally the 15th day of the 4th month after the end of the fiscal year.