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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 1118 Schedule L
for the current year.
IRS Form 1118 Schedule L Foreign Tax Redeterminations
What Is IRS Form 1118 Schedule L?
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, 2022. The document is a supplement to IRS Form 1118, Foreign Tax Credit - Corporations. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is the IRS Form 1118 Schedule L?
A: The IRS Form 1118 Schedule L is a form used to report any adjustments to foreign tax credits.
Q: What are foreign tax redeterminations?
A: Foreign tax redeterminations are adjustments made to the amount of foreign taxes paid or accrued that are reported for foreign tax credit purposes.
Q: Why would I need to file IRS Form 1118 Schedule L?
A: You would need to file IRS Form 1118 Schedule L if you need to report any adjustments to foreign tax credits resulting from foreign tax redeterminations.
Q: How do I file IRS Form 1118 Schedule L?
A: You can file IRS Form 1118 Schedule L by attaching it to your annual income tax return (such as Form 1120 or Form 1065) if you have any adjustments to report.
Q: Is IRS Form 1118 Schedule L applicable to individuals?
A: No, IRS Form 1118 Schedule L is not applicable to individuals. It is typically used by corporations and certain other entities.
Form Details:
- A 4-page form available for download in PDF;
- Actual and valid for filing 2023 taxes;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 1118 Schedule L through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 1118 Schedule L Foreign Tax Redeterminations
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