{"abstract":"This document contains final regulations that provide guidance relating to the determination of the foreign tax credit under the Internal Revenue Code. The guidance relates to changes made to the applicable law by the Tax Cuts and Jobs Act, which was enacted on December 22, 2017. This document finalizes the proposed regulations published on December 7, 2018. This document also finalizes proposed regulations on overall foreign losses that were published on June 25, 2012, and finalizes certain portions of proposed regulations published on November 7, 2007, relating to a U.S. taxpayer's obligation to notify the IRS of a foreign tax redetermination.","action":"Final and temporary regulations, and removal of temporary regulations.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2019/12/17/2019-24848.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1,"title":26}],"citation":"84 FR 69022","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective Date: These regulations are effective on December 17, 2019.","disposition_notes":null,"docket_ids":["TD 9882"],"dockets":[],"document_number":"2019-24848","effective_on":"2019-12-17","end_page":69123,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2019/12/17/2019-24848.xml","html_url":"https://www.federalregister.gov/documents/2019/12/17/2019-24848/foreign-tax-credit-guidance-related-to-the-tax-cuts-and-jobs-act-overall-foreign-loss-recapture-and","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2019-24848?publication_date=2019-12-17","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2019-12-17/2019-24848/mods.xml","not_received_for_publication":null,"page_length":102,"page_views":{"count":8281,"last_updated":"2026-10-22 18:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2019-12-17/pdf/2019-24848.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2019-24848.pdf?1576503916","publication_date":"2019-12-17","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2019/12/17/2019-24848.txt","regulation_id_number_info":{"1545-BK55":{"issue":"202004","html_url":"https://www.federalregister.gov/regulations/1545-BK55/overall-foreign-loss-recapture-on-property-dispositions-","title":"Overall Foreign Loss Recapture on Property Dispositions ","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202004&RIN=1545-BK55&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"1545-AC09":{"issue":"201910","html_url":"https://www.federalregister.gov/regulations/1545-AC09/foreign-tax-credit-notification-of-foreign-tax-redeterminations","title":"Foreign Tax Credit: Notification of Foreign Tax Redeterminations","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201910&RIN=1545-AC09&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"1545-BP19":{"issue":"201910","html_url":"https://www.federalregister.gov/regulations/1545-BP19/tax-cuts-and-jobs-act-tcja-foreign-tax-credit-guidance","title":"Tax Cuts and Jobs Act (TCJA) Foreign Tax Credit Guidance","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201910&RIN=1545-BP19&operation=OPERATION_EXPORT_XML","priority_category":"Economically Significant"}},"regulation_id_numbers":["1545-AC09","1545-BK55","1545-BP19"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BP21/allocation-and-apportionment-of-deductions-and-foreign-taxes-foreign-tax-redeterminations-ftc-disall","title":"Allocation & Apportionment of Deductions & Foreign Taxes, Foreign Tax Redeterminations, FTC Disallowance Under 965(g), Consolidated Groups, Hybrid Arrangements & Certain Payments under 951A"},"comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2019-0055","supporting_documents_count":0,"docket_id":"IRS-2019-0055","regulation_id_number":"1545-BP21","title":"Guidance Related to the Allocation and Apportionment of Deductions and Foreign Taxes, Financial Services Income, Foreign Tax Redeterminations, Foreign Tax Credit Disallowance Under Section 965(g), and Consolidated Groups (REG-105495-19)","checked_regulationsdotgov_at":"2019-12-23T09:00:10Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":69022,"subtype":null,"title":"Foreign Tax Credit Guidance Related to the Tax Cuts and Jobs Act, Overall Foreign Loss Recapture, and Foreign Tax Redeterminations","toc_doc":"Foreign Tax Credit Guidance Related to the Tax Cuts and Jobs Act, Overall Foreign Loss Recapture, and Foreign Tax Redeterminations","toc_subject":null,"topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Rule","volume":84}