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Form 1126 Borrower Financial Information Aurora Bank Loan Number BORROWER %2552:($5610(62&,$/ 6(&85,7 180%(5 +20(3+21(180%(5 :,7+ $5($ &2'(:25. 3+21(180%(5 :,7+ $5($ &2'(&(// 3+21(180%(5 :,7+ $5($
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Form 1126 is a United States tax form used to report and claim the foreign tax credit for corporations.
Any corporation claiming the foreign tax credit on their tax return is required to file form 1126.
Form 1126 should be filled out according to the instructions provided by the Internal Revenue Service (IRS). It requires the corporation to report foreign taxes paid or accrued and calculate the foreign tax credit.
The purpose of form 1126 is to allow corporations to claim a credit for foreign taxes paid or accrued, thus avoiding double taxation on foreign income.
Form 1126 requires the corporation to report various details, including the amount of foreign tax paid or accrued, the type of income subjected to foreign tax, and the applicable limitations and adjustments.
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