26 CFR · Internal Revenue
§ 1.642(a)(2)-1 — Foreign taxes.
26 CFR § 1.642(a)(2)-1
This text of 26 C.F.R. § 1.642(a)(2)-1 (Foreign taxes.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
26 C.F.R. § 1.642(a)(2)-1 (2026).
Text
§ 1.642(a)(2)-1 Foreign taxes.
An estate or trust is allowed the credit against tax for taxes imposed by foreign countries and possessions of the United States to the extent allowed by section 901 only for so much of those taxes as are not properly allocable under that section to the beneficiaries. See section 901(b)(4). For purposes of section 901(b)(4), the term beneficiaries includes charitable beneficiaries.
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Related
§ 1.642
26 C.F.R. § 1.642
Nearby Sections
11
§ 1.641(b)-2
Filing of returns and payment of the tax.§ 1.641(b)-3
Termination of estates and trusts.§ 1.641(c)-0
Table of contents.§ 1.641(c)-1
Electing small business trust.§ 1.642(a)(1)-1
Partially tax-exempt interest.§ 1.642(a)(2)-1
Foreign taxes.§ 1.642(a)(3)-1
Dividends received by an estate or trust.§ 1.642(a)(3)-2
Time of receipt of dividends by beneficiary.§ 1.642(a)(3)-3
Cross reference.§ 1.642(b)-1
Deduction for personal exemption.§ 1.642(c)-0
Effective dates.Cite This Page — Counsel Stack
Bluebook (online)
26 C.F.R. § 1.642(a)(2)-1, Counsel Stack Legal Research, https://law.counselstack.com/cfr/26/1/1.642(a)(2)-1.