Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 515
Taxes of foreign countries and possessions of the United States
Official textgovinfo.govlast amended
The amount of taxes imposed by foreign countries and possessions of the United States shall be allowed as a credit against the tax of an organization subject to the tax imposed by section 511 to the extent provided in section 901; and in the case of the tax imposed by section 511, the term "taxable income" as used in section 901 shall be read as "unrelated business taxable income".
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Nearby sections (25 sections)
- 502 · Feeder organizations
- 503 · Requirements for exemption
- 504 · Status after organization ceases to qualify for exemption under…
- 505 · Additional requirements for organizations described in paragraph…
- 506 · Organizations required to notify Secretary of intent to operate…
- 507 · Termination of private foundation status
- 508 · Special rules with respect to section 501(c)(3) organizations
- 509 · Private foundation defined
- 511 · Imposition of tax on unrelated business income of charitable,…
- 512 · Unrelated business taxable income
- 513 · Unrelated trade or business
- 514 · Unrelated debt-financed income
- 515 · Taxes of foreign countries and possessions of the United States
- 521 · Exemption of farmers' cooperatives from tax
- 522 · [§522. Repealed. Pub. L. 87–834, §17(b)(2), Oct. 16, 1962, 76…
- 526 · Shipowners' protection and indemnity associations
- 527 · Political organizations
- 528 · Certain homeowners associations
- 529 · Qualified tuition programs
- 529A · Qualified ABLE programs
- 530 · Coverdell education savings accounts
- 531 · Imposition of accumulated earnings tax
- 532 · Corporations subject to accumulated earnings tax
- 533 · Evidence of purpose to avoid income tax
- 534 · Burden of proof