Form 1118 (Schedule L) — Foreign Tax Redeterminations

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f1118sl.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

SCHEDULE L (Form 1118) (Rev. December 2025)

Department of the Treasury Internal Revenue Service

Foreign Tax Redeterminations¶

For calendar year 20, or other tax year beginning, 20, and ending, 20 . OMB No. 1545-0123

Attach to Form 1118. Go to www.irs.gov/Form1118 for instructions and the latest information.

Name of corporation Employer identification number (EIN)

Use a separate Schedule L (Form 1118) for each applicable category of income. See instructions.

a Separate category (enter code—see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b If code 901j is entered on line a, enter the country code for the sanctioned country. See instructions . . . . . . . . . . . . . . . . c If one of the RBT codes is entered on line a, enter the country code for the treaty country. See instructions . . . . . . . . . . . . . . d Check this box if election made under Regulations section 1.905-5(e) to account for foreign tax redeterminations with respect to pre-2018 tax years in

foreign corporation’s last pooling year. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part I Increase in Amount of Foreign Taxes Accrued (see instructions) Enter redetermined amounts by payor entity for each separate relation back year (starting with the most recent) followed by a subtotal for each relation back year. See instructions.

	1. U.S. tax year of taxpayer to which tax relates (relation back year) (MM/DD/YYYY)			2a. Name of payor entity				2b. EIN or reference ID number of payor entity						2c. Name of owner of payor entity, if applicable (see instructions)
A			(1)
A			(2)
A			(3)
B			(1)
B			(2)
B			(3)
		2d. EIN or reference ID number of owner	2d. EIN or reference ID number of owner	2d. EIN or reference ID number of owner	2d. EIN or reference ID number of owner	3. Country or U.S. territory to which tax is paid (enter code— see instructions)	3. Country or U.S. territory to which tax is paid (enter code— see instructions)	3. Country or U.S. territory to which tax is paid (enter code— see instructions)	4. Date additional foreign tax was paid (MM/DD/YYYY)	4. Date additional foreign tax was paid (MM/DD/YYYY)	5. Foreign tax year to which tax relates (MM/DD/YYYY)	5. Foreign tax year to which tax relates (MM/DD/YYYY)	6. Payor entity’s income subject to tax in the foreign jurisdiction (see instructions)	6. Payor entity’s income subject to tax in the foreign jurisdiction (see instructions)	6. Payor entity’s income subject to tax in the foreign jurisdiction (see instructions)	7. Additional tax accrued in local currency in which the tax is payable	7. Additional tax accrued in local currency in which the tax is payable	7. Additional tax accrued in local currency in which the tax is payable	7. Additional tax accrued in local currency in which the tax is payable
A	(1)
A	(2)
A	(3)
B	(1)
B	(2)
B	(3)
		8. Additional tax accrued in functional currency of taxpayer’s QBU or foreign corporation	8. Additional tax accrued in functional currency of taxpayer’s QBU or foreign corporation	8. Additional tax accrued in functional currency of taxpayer’s QBU or foreign corporation	9. Conversion rate of local currency to U.S. dollars	9. Conversion rate of local currency to U.S. dollars	10. Additional tax acccrued in U.S. dollars (divide column 7 by column 9)	10. Additional tax acccrued in U.S. dollars (divide column 7 by column 9)	10. Additional tax acccrued in U.S. dollars (divide column 7 by column 9)	11. U.S. dollar tax of payor entity per original/amended return	11. U.S. dollar tax of payor entity per original/amended return	12. Revised tax accrued (add column 10 and column 11)	12. Revised tax accrued (add column 10 and column 11)	12. Revised tax accrued (add column 10 and column 11)	13. Reference ID number for contested tax, if applicable (see instructions)	13. Reference ID number for contested tax, if applicable (see instructions)	14. Check box if change caused to high- tax exception/ exclusion (see instructions)	14. Check box if change caused to high- tax exception/ exclusion (see instructions)	14. Check box if change caused to high- tax exception/ exclusion (see instructions)
A	(1)
A	(2)
A	(3)
Subtotal by relation back year of taxpayer (add amounts in columns 10, 11, and 12)
B	(1)
B	(2)
B	(3)
Subtotal by relation back year of taxpayer (add amounts in columns 10, 11, and 12)

Important: See Computer-Generated Schedule L in the separate Instructions for Schedule L (Form 1118).

For Paperwork Reduction Act Notice, see the Instructions for Form 1118. Cat. No. 75132H Schedule L (Form 1118) (Rev. 12-2025) Created 9/9/25

Schedule L (Form 1118) (Rev. 12-2025) Page 2

Name of corporation EIN

Part II Decrease in Amount of Foreign Taxes Paid or Accrued (see instructions) Enter redetermined amounts by payor entity for each separate relation back year (starting with the most recent) followed by a subtotal for each relation back year. See instructions.

Schedule L (Form 1118) (Rev. 12-2025)

Schedule L (Form 1118) (Rev. 12-2025) Page 3

Name of corporation EIN

Part III Change in Inclusions; Change in Foreign Taxes Paid, Accrued, or Deemed Paid; and Change in Foreign Tax Credits Claimed Enter the information below for the change in inclusions; change to the amount of foreign taxes paid, accrued, or deemed paid; and change in foreign tax credits claimed for each relation back year. This information is reported on an overall taxpayer basis and not on a per payor entity basis.

1. Relation back year (MM/DD/YYYY)

3. Direct section 901 and/or 903 taxes

paid or accrued per original/amended return

9. Section 951A inclusion per original/amended return

15. Section 902 deemed paid taxes per original/amended return

4. Redetermined section 951(a)(1) inclusion

10. Redetermined taxes deemed paid under section 960(d)

16. Amount of FTC claimed per original/amended return

5. Section 951(a)(1) inclusion per original/amended return

11. Section 960(d) deemed paid taxes per original/amended return

17. Amount of FTC claimed after redetermination

6. Redetermined taxes deemed paid under section 960(a)

12. Redetermined taxes deemed paid under section 960(b)(1)

7. Section 960(a) deemed paid taxes per original/amended return

13. Section 960(b)(1) deemed paid taxes per original/amended return

2. Redetermined direct section 901

and/or 903 taxes

paid or accrued

8. Redetermined section 951A inclusion

14. Redetermined taxes deemed paid under section 902

Part IV Change in U.S. Tax Liability Enter the information below for the change in U.S. tax liability for each relation back year and other affected year. This information is reported on an overall taxpayer basis and not on a per payor entity basis.

3. Total U.S. tax liability per original/amended return

1. Relation back year or affected tax year (MM/DD/YYYY)

2. Total redetermined U.S. tax liability

4. Difference (subtract column 3 from column 2)

Schedule L (Form 1118) (Rev. 12-2025)

Important: See Computer-Generated Schedule L in the separate Instructions for Schedule L (Form 1118).

Schedule L (Form 1118) (Rev. 12-2025) Page 4

Name of corporation EIN

Part V Annual Reporting for Contested Taxes Taxpayers will enter the information below for each contested foreign income tax liability (or portion thereof) for which the taxpayer has previously made an election under Regulations section 1.905-1(d)(4) to claim a provisional foreign tax credit.

Schedule L (Form 1118) (Rev. 12-2025)

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