Rule lifecycle · RIN:1545-BR76
Section 898(c) Transition Rule for Allocating Foreign Taxes and Section 960(d)(4) Foreign Tax Credit Disallowance; Correction
Treasury Department, Internal Revenue Service — observed across 2 documents over 28 days. Use the source documents below before deciding whether this affects your business.
In plain English
The IRS is fixing and clarifying its rules about claiming tax credits for the taxes your business pays to foreign countries. Owners with any international business income should carefully review these new updates to see which foreign taxes you can still claim as credits.
First seen
Aug 3, 2026
Last seen
Aug 31, 2026
Latest stage
Proposed Rule
PRORULE → RULE
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Stage timeline
Proposed·Aug 3, 2026·91 FR 48794
Section 898(c) Transition Rule for Allocating Foreign Taxes and Section 960(d)(4) Foreign Tax Credit Disallowance
#2026-15614
Proposed·Aug 31, 2026·91 FR 55816
Section 898(c) Transition Rule for Allocating Foreign Taxes and Section 960(d)(4) Foreign Tax Credit Disallowance; Correction
#2026-17764