Instructions for Form 1118 - Introductory Material
This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
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If the corporation is claiming a dividends-received deduction under section 965 for the current tax year, see the instructions
for Form
8895, One-Time Dividends Received Deduction for Certain Cash Dividends from Controlled Foreign Corporations. The Form 8895,
Part IV, instructions list
the steps needed to compute the corporation's foreign tax credit for the current tax year.
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Changes to the instructions were made to reflect amendments to the foreign tax credit rules made by the American Jobs Creation
Act of 2004
and the Gulf Opportunity Zone Act of 2005.