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AGENDA ITEM: 8 b DATE: 11/18/15 SEQUOIA UNION HIGH SCHOOL DISTRICT Redwood City, California 94062 TO:Board of TrusteesDATE:November 18, 2015FROM:James Litanies, SuperintendentSUBJECT:Personnel Recommendations

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What is date 111815?

Date 111815 refers to a specific tax form known as Form 1118, which is used by U.S. corporations to claim the foreign tax credit.

Who is required to file date 111815?

Corporations that have foreign source income and wish to claim a foreign tax credit must file Form 1118.

How to fill out date 111815?

To fill out Form 1118, corporations must report their foreign source income, the foreign taxes paid, and calculate the credit using the provided sections in the form.

What is the purpose of date 111815?

The purpose of Form 1118 is to allow corporations to claim a credit for foreign taxes paid or accrued, reducing their U.S. tax liability.

What information must be reported on date 111815?

Form 1118 requires reporting of foreign income, taxes paid, and other relevant details about foreign operations that affect the credit calculation.

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