1545-BR90 202510 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Foreign Tax Credit and Expense Allocation Guidance Related to the One Big Beautiful Bill Act

Regulations under sections 250, 904, and 960 to implement the amendments made by sections 70311, 70312, and 70322 of the One, Big, Beautiful, Bill Act regarding the allocation and apportionment of expenses and other foreign tax credit issues.

]]> Other Significant First Time Published in The Unified Agenda Proposed Rule Stage No No Regulatory Not Yet Determined Pub. L. 119-21 26 U.S.C. 904(d)(7) 26 U.S.C. 960(f) 26 U.S.C. 250(c) 26 U.S.C. 7805(a) ... No NPRM 08/00/2026 REG-117273-25 (NPRM) Drafter attorney: John Lee (202) 317-5444, Alex Kaplan (202) 317-4227, and Le Chen (202) 317-6936 Reviewer attorney: Young-Eun Choi (415) 547-3716 and Tianlin (Laura) Shi (202) 317-6987 Treasury attorneys: Jared Hermann (202) 622-4743 and Isaac Wood (202) 622-1011 and Tianlin (Laura) Shi (202) 317-6987 CC: INTL No No None No No No No John Lee J. Attorney 1545 Internal Revenue Service IRS 202 317-5444 855 584-5147 john.j.lee@irscounsel.treas.gov 1111 Constitution Avenue, NW , Room 4579 , Washington DC 20224 J. Alexander Kaplan S. Attorney 1545 Internal Revenue Service IRS 202 317-4227 855 584-5147 jalexander.s.kaplan@irscounsel.treas.gov 1111 Constitution Avenue, NW , Room 4579 , Washington DC 20224