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APPENDIX C--Result If Petitioner Is Allowed To Change Its
Reporting for Foreign Taxes Accrued in 1980, 1981,
and 1982 From a Deduction to a Credit
Total Sec. 78
Sec. 901 Sec. 902 Total creditable deduction income
Year direct taxes deemed taxes foreign taxes decreased increase
1980 $14,997,403 $26,631,706 $41,629,109 $34,556,085 $8,686,479
1981 6,901,732 5,581,459 12,483,191 7,020,844 5,581,459
1982 3,631,958 4,225,518 7,857,476 3,631,958 4,225,518
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Last modified: May 25, 2011