Schedule l (Form 1118) Template

Use this template to report foreign tax redeterminations by category of income for Form 1118.

By using this template, you agree to our Template Terms of Use.

Why use a foreign tax redeterminations form?

Record changes to foreign taxes, inclusions, credits, and related U.S. tax liability in one structured schedule.

Track tax changes

Record increases and decreases in foreign taxes paid or accrued by relation back year.
Organize payor details

Capture payor entity, owner, country code, tax year, currency, and conversion details.
Report contested taxes

Document annual contested tax amounts and related status information when required.

This template covers the key reporting areas in Schedule L for Form 1118 foreign tax redeterminations.

Income category details
Records the separate income category and country codes tied to sanctioned or treaty countries.
Increased foreign taxes
Captures additional foreign taxes accrued, dates paid, revised tax amounts, and subtotals.
Decreased foreign taxes
Tracks refunded or deemed refunded taxes, revised amounts, and two-year rule details.
Inclusion and credit changes
Covers changes in inclusions, deemed-paid taxes, and foreign tax credits claimed.
U.S. tax liability changes
Summarizes redetermined U.S. tax liability and changes from the original return.
Contested tax reporting
Provides annual reporting fields for contested taxes, uncontested amounts, and statuses.