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International Tax Blog - New and Interesting International Tax Issues

New IRS Practice Unit: Allocation and Apportionment of Deductions


Yesterday the IRS published a new practice unit titled “Allocation and Apportionment of Deductions.” This practice unit discusses the allocation and apportionment of expenses and deductions for purposes of computing the foreign tax credit limitation.

We have added this practice unit to our Practice Units By Topic page.

Tags: Other - IRS Practice Units