This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 1116 Schedule C for the current year.
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on December 1, 2021. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is IRS Form 1116?
A: IRS Form 1116 is a form used to calculate the foreign tax credit.
Q: What is Schedule C?
A: Schedule C is a form used to report business income and expenses.
Q: What are foreign tax redeterminations?
A: Foreign tax redeterminations are changes made to previously reported foreign taxes.
Q: How do I report foreign tax redeterminations?
A: You report foreign tax redeterminations on Schedule C of IRS Form 1116.
Q: Why would foreign tax redeterminations occur?
A: Foreign tax redeterminations can occur due to changes in foreign tax laws or corrections to prior tax filings.
Form Details:
Download a fillable version of IRS Form 1116 Schedule C through the link below or browse more documents in our library of IRS Forms.