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IRS Issues Guidelines on Waiving Filing Deadlines for Foreign Corporations The IRS Large Business and International Division (LB&I) has issued guidelines for handling delinquent Forms 1120-F, U.S. Income Tax Return of a Foreign Corporation, and for making filing deadline waivers. http://www.checkpointmarketing.net/img//2018_Thinkstock/4%20April%202018/032618_Thinkstock_825413296_lores_KW.jpg Foreign corporations engaged in a trade or business within the U.S. can claim deductions and credits on income that are effectively connected with income associated with the conduct of a...

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July 02, 2018