...Fiduciary, or Nonresident Allen Individual. Used to figure and support the foreign tax credit claimed for the amount of any income, war profits, and excess profits taxes paid or accrued during the tax year to any foreign country or US possession. IT-IRC sees. 901 and 904; Pub. 514; Separate instructions...

...US income taxes for taxes paid to foreign jurisdictions. In general, the credit is allowed only for "income, war profits, and excess profits taxes paid...year to any foreign country or to any possession of the United States." However, the Code also explicitly permits a credit for taxes paid "in lieu of"...

...AS TAXES.— Notwithstanding subsection (b) and sections 902 and 960, the amount of any income, or profits, and excess profits taxes paid or accrued during the taxable year to any foreign country in connection with the purchase and sale of oil or gas extracted in such country is not to be considered...

...individual may be exempt from US income tax under Code section 911. i ' Foreign income taxes include income, war profits, and excess profits taxes paid...during the taxable year to any foreign country (or possession of the United States). that income, but recognizes the obligation to prevent double taxation....

...Tax Credit) The IRC allows a taxpayer that chooses the benefits of this section to be credited with the amount of any income, war profits, and excess...year to any foreign country or to any possession of the United States. In the case of a corporation, the taxpayer is also credited with the taxes deemed...

...and of a domestic corporation, the amount of any income, war-profits, and excess-profits taxes paid or accrued during the taxable year to any foreign...country or to any possession of the United States ; and (2) RESIDENT OF UNITED STATES. — In the case of a resident of the United States, the amount of any...