Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 841
Credit for foreign taxes
The taxes imposed by foreign countries or possessions of the United States shall be allowed as a credit against the tax of a domestic insurance company subject to the tax imposed by section 801 or 831, to the extent provided in the case of a domestic corporation in section 901 (relating to foreign tax credit). For purposes of the preceding sentence (and for purposes of applying section 906 with respect to a foreign corporation subject to tax under this subchapter), the term "taxable income" as used in section 904 means—
# (1)
in the case of the tax imposed by section 801, the life insurance company taxable income (as defined in section 801(b)), and
# (2)
in the case of the tax imposed by section 831, the taxable income (as defined in section 832(a)).
Source: view the official text
Nearby sections (25 sections)
- 813 · [§813. Repealed. Pub. L. 100–203, title X, §10242(c)(1), Dec. 22,…
- 814 · Contiguous country branches of domestic life insurance companies
- 815 · [§815. Repealed. Pub. L. 115–97, title I, §13514(a), Dec. 22,…
- 816 · Life insurance company defined
- 817 · Treatment of variable contracts
- 817A · Special rules for modified guaranteed contracts
- 818 · Other definitions and special rules
- 831 · Tax on insurance companies other than life insurance companies
- 832 · Insurance company taxable income
- 833 · Treatment of Blue Cross and Blue Shield organizations, etc.
- 834 · Determination of taxable investment income
- 835 · Election by reciprocal
- 841 · Credit for foreign taxes
- 842 · Foreign companies carrying on insurance business
- 843 · Annual accounting period
- 844 · [§844. Repealed. Pub. L. 115–97, title I, §13511(b)(2)(A), Dec.…
- 845 · Certain reinsurance agreements
- 846 · Discounted unpaid losses defined
- 847 · [§847. Repealed. Pub. L. 115–97, title I, §13516(a), Dec. 22,…
- 848 · Capitalization of certain policy acquisition expenses
- 851 · Definition of regulated investment company
- 852 · Taxation of regulated investment companies and their shareholders
- 853 · Foreign tax credit allowed to shareholders
- 853A · Credits from tax credit bonds allowed to shareholders
- 854 · Limitations applicable to dividends received from regulated…