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![Form 1118 Schedule I Rev December](/preview/1/652/1652555.png)
Form 1118 Schedule I Rev December
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People also ask
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What is the penalty for filing Form 1118?
Filing Form 1118 is voluntary: there are no penalties for not filing, but corporations might miss out on potential tax credits.
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What is the schedule for Form 1118?
Schedule I (Form 1118), Reduction of Foreign Oil and Gas Taxes. Use Schedule I (Form 1118), (a separate schedule) to compute reductions of taxes paid, accrued, or deemed paid on foreign oil and gas income.
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What is the schedule L instruction for Form 1118?
All information reported on Schedule L (Form 1118) must be in English. All amounts must be stated in U.S. dollars, unless otherwise specified on Schedule L. Line a. On line a, enter the same separate category code as that shown on the Form 1118 to which this Schedule L relates.
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Can I request an IRS payoff statement online?
You can submit a payoff request online. This is the quickest way to process a payoff request.
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