<p>IRS Issues FTC Practice Unit on Loss Recapture Rules</p>

IRS Issues FTC Practice Unit on Loss Recapture Rules

Internal Revenue Service

The IRS has released a practice unit on calculating the amount of foreign tax credit that can be claimed in a year, providing an overview of the rules regarding overall foreign and domestic losses and separate limitation loss.

<p>The IRS has released a practice unit on calculating the amount of foreign tax credit that can be claimed in a year, providing an overview of the rules regarding overall foreign and domestic losses and separate limitation loss.</p>