Internal Revenue Service February 10, 2015 – Federal Register Recent Federal Regulation Documents

Proposed Information Collection; Comment Request
Document Number: 2015-02639
Type: Notice
Date: 2015-02-10
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).
Foreign Tax Credit Splitting Events
Document Number: 2015-02614
Type: Rule
Date: 2015-02-10
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final Income Tax Regulations with respect to a provision of the Internal Revenue Code (Code) that addresses situations in which foreign income taxes have been separated from the related income. These regulations are necessary to provide guidance on applying the statutory provision, which was enacted as part of legislation commonly referred to as the Education Jobs and Medicaid Assistance Act (EJMAA) on August 10, 2010. These regulations affect taxpayers claiming foreign tax credits or deducting foreign income taxes.