post-1986 foreign income taxes
Defined in 1 place of the United States Code.
The term “post-1986 foreign income taxes” means the sum of—
(A) the foreign income taxes with respect to the taxable year of the foreign corporation in which the dividend is distributed, and
(B) the foreign income taxes with respect to prior taxable years beginning after December 31, 1986, to the extent such foreign taxes were not attributable to dividends distributed by the foreign corporation in prior taxable years.
Source
- 1997–present26 U.S.C. § 902Internal Revenue Code · Deemed paid credit where domestic corporation owns 10 percent or more of voting stock of foreign corporation · for purposes of this subpart
The term “post-1986 foreign income taxes” means the sum of—
(A) the foreign income taxes with respect to the taxable year of the foreign corporation in which the dividend is distributed, and
(B) the foreign income taxes with respect to prior taxable years beginning after December 31, 1986, to the extent such foreign taxes were not deemed paid with respect to dividends distributed by the foreign corporation in prior taxable years.
Source
- 1994–199726 U.S.C. § 902Internal Revenue Code · Deemed paid credit where domestic corporation owns 10 percent or more of voting stock of foreign corporation · for purposes of this subpart