PDF
Word
This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 1120-F Schedule H
for the current year.
IRS Form 1120-F Schedule H Deductions Allocated to Effectively Connected Income Under Regulations Section 1.861-8
What Is IRS Form 1120-F Schedule H?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 1120-F, U.S. Income Tax Return of a Foreign Corporation. As of today, no separate filing guidelines for the form are provided by the IRS.
FAQ
Q: What is IRS Form 1120-F?
A: IRS Form 1120-F is a tax form used by foreign corporations to report their income and deductions in connection with their effectively connected income in the United States.
Q: What is Schedule H on Form 1120-F?
A: Schedule H on Form 1120-F is used to report deductions that are allocated to effectively connected income (ECI) under the regulations outlined in Section 1.861-8 of the IRS code.
Q: What are deductions allocated to effectively connected income?
A: Deductions allocated to effectively connected income are expenses that are directly related to a foreign corporation's business activities conducted in the United States and can be deducted against their taxable income in the US.
Q: What is Regulations Section 1.861-8?
A: Regulations Section 1.861-8 is a set of rules provided by the IRS that determines the allocation and apportionment of deductions between US-source income and foreign-source income for foreign corporations doing business in the United States.
Q: Who is required to file Form 1120-F Schedule H?
A: Foreign corporations that have effectively connected income in the United States and are eligible to claim deductions allocated to that income are required to file Form 1120-F Schedule H as part of their tax return.
Q: Can I claim deductions that are not effectively connected to my US income?
A: No, deductions that are not effectively connected to your US income cannot be claimed on Schedule H of Form 1120-F. Only deductions directly related to your US business activities and connected income can be allocated and claimed.
Form Details:
- A 2-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 1120-F Schedule H through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 1120-F Schedule H Deductions Allocated to Effectively Connected Income Under Regulations Section 1.861-8
1
2
