Page 750 - Large Business IRS Training Guides
P. 750
No Credit
Allowed Under Section 960(a)(3)
section 960(a)(3) for foreign income
• No credit is allowed under
taxes
that would have been deemed paid under section
with respect to the portion of a section 965(a)
960(a)(1)
earnings
amount that is reduced by an aggregate foreign E&P
deficit.
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