Federal Free Printable 2016 Form 1120-F (Schedule H) for 2017 Federal Deductions Allocated To Effectively Connected Income Under Regulations Section 1.861-8

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Deductions Allocated To Effectively Connected Income Under Regulations Section 1.861-8
2016 Form 1120-F (Schedule H)

Deductions Allocated To Effectively Connected Income Under Regulations Section 1.861-8 SCHEDULE H (Form 1120-F) Department of the Treasury Internal Revenue Service Name of corporation Part I ▶ OMB No. 1545-0123 2016 ▶ Attach to Form 1120-F. Information about Schedule H (Form 1120-F) and its separate instructions is at www.irs.gov/form1120f. Employer identification number Home Office Deductible Expenses Definitely Related Solely to ECI or Non-ECI . Note: Enter all amounts on lines 1a through 13 in only U.S. dollars or in only functional currency. If U.S. dollars, check box Otherwise, specify currency ▶ 1a Total expenses on the books of the home office . . . . . . . . . . b Check the applicable box below to indicate the accounting convention used to compute the amount on line 1a: U.S. GAAP IFRS 2 3 4 5 6 7 8 9 10 11 12 Home Country GAAP Other (specify) ▶ Adjustments for U.S. tax principles (attach statement – see instructions) . . 2 Total deductible expenses on the books of the home office. Combine lines 1a and 2 . . . . . . Interest expense included on line 3 . . . . . . . . . . . . . . 4 Bad debt expense included on line 3 . . . . . . . . . . . . . . 5 Total of interest expense and bad debt expense. Add lines 4 and 5 . . . . . . . . . . . . Remaining deductible expenses to be allocated and apportioned between ECI and non-ECI. Subtract line 6 from line 3 Deductible expenses definitely related solely to non-ECI from subsidiaries . 8 Deductible expenses definitely related solely to other non-ECI booked in the home country 9 Deductible expenses definitely related solely to other non-ECI booked in other countries (including the United States) . . . . . . . . . . . . . 10 Deductible expenses definitely related solely to ECI . . . . . . . . . 11 Total deductible expenses definitely related solely to ECI or non-ECI. Add lines 8 through 11 . . . Part II 13 1a 6 7 12 Home Office Deductible Expenses Allocated and Apportioned to ECI Note: Enter the amounts on lines 15 through 20 in U.S. dollars. Remaining deductible expenses on the books of the home office not definitely related solely to ECI or non-ECI. Subtract line 12 from line 7 . . . . . . . . . . . . . . . . . . . . . . 14 15 16 Average exchange rate used to convert amounts to U.S. dollars (see instructions) . . . . . . . Enter the amount from line 13. If line 13 is stated in functional currency, divide line 13 by line 14 . . Remaining home office deductible expenses on line 15 allocated and apportioned under Regulations section 1.861-8 to ECI (attach computation) . . . . . . . . . . . . . . . . . . . 17 18 19 20 Enter the amount from line 11. If line 11 is stated in functional currency, divide line 11 by line 14 . Total home office deductible expenses allocated and apportioned to ECI. Add lines 16 and 17 . . Total deductible expenses from other non-U.S. locations allocated and apportioned to ECI . . . Total deductible expenses allocated and apportioned to ECI. Add lines 18 and 19 and enter amount here and on Form 1120-F, Section II, line 26 . . . . . . . . . . . . . . . Part III 3 . . . the . 13 14 15 16 17 18 19 20 Allocation and Apportionment Methods and Financial Records Used to Complete Parts I and II Note: Enter the amounts in Part III, lines 21a, 21b, 22a, and 22b in U.S. dollars. • If one or more methods used are different than in prior year, check box . . . . . . . . . . . . . . . . . . • If any amount on line 20 is recorded as an interbranch amount on books and records used to prepare Form 1120-F, Schedule L, include the amount on Part IV, line 35 and check this box . . . . . . . . . . . . . . . . . . 21 a b c 22 a b c 23 a b c 24 25 Gross income ratio: Gross ECI . . . . . . . . . . . . . . . . . . . . . . 21a Worldwide gross income . . . . . . . . . . . . . . . . . . 21b Divide line 21a by line 21b . . . . . . . . . . . . . . . . . . . . . . . . . 21c Asset ratio: Average U.S. assets from Schedule I, line 5, column (d) . . . . . . . 22a Worldwide assets (if applicable, from Schedule I, line 6b) . . . . . . . 22b Divide line 22a by line 22b . . . . . . . . . . . . . . . . . . . . . . . . . 22c Number of personnel ratio: Personnel of U.S. trade or business . . . . . . . . . . . . . . 23a Worldwide personnel . . . . . . . . . . . . . . . . . . . 23b Divide line 23a by line 23b . . . . . . . . . . . . . . . . . . . . . . . . . 23c Did the corporation use any ratio-based methods (other than those indicated on lines 21 through 23 above) in Parts I and II? If “Yes,” attach statement (see instructions) . . . . . . . . . . . . . . . . . . Did the corporation use any other methods (e.g., time-spent analysis or estimates) in Parts I and II? If “Yes,” attach statement (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . For Paperwork Reduction Act Notice, see the Instructions for Form 1120-F. Cat. No. 49679V % % Yes % No Schedule H (Form 1120-F) 2016 Page 2 Schedule H (Form 1120-F) 2016 Part III Allocation and Apportionment Methods and Financial Records Used to Complete Parts I and II (continued) Note: Indicate whether the corporation used any of the following financial and other records in Parts I and II to identify deductible expenses allocated and apportioned to ECI. Yes No 26a b 27 28 Published or other non-public audited financial statements . . . . . . . . . . . . . . . . . . Non-audited financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . Home office management or other departmental cost accounting reports . . . . . . . . . . . . . . Other (e.g., home country regulatory reports or written, contemporaneous functional analyses) (attach statement) Part IV 29 Allocation and Apportionment of Expenses on Books and Records Used to Prepare Form 1120-F, Schedule L Note: Enter all amounts in Part IV in U.S. dollars. Total expenses per books and records used to prepare Form 1120-F, Schedule L . . . . . . . . . . . . . . . . . . . . . . 29 30 Adjustments for U.S. tax principles (attach statement – see instructions) . . 30 31 Total deductible expenses. Combine lines 29 and 30 32a Third-party interest expense included on line 31 . b Interbranch interest expense included on line 31 . 33 34 . . . . . . . . . . . . . . . . . . 32a . . . . . . . . . 32b . . . . . . 31 . . . . . . 36 33 Bad debt expense included on line 31 . . . . . . . . . . . . . Other third-party deductible expenses not allocated or apportioned to ECI and non-ECI under Regulations section 1.861-8 included on line 31 (attach statement). . . . . . . . . . . . . . . . . . . . . . . 35 . 34 Interbranch expenses per books and records included on line 31 and not included on line 32b (attach statement) . . . . . . . . . . . . . 35 36 Add lines 32a through 35 37 Deductible expenses on books and records allocated and apportioned to ECI or non-ECI under Regulations section 1.861-8. Subtract line 36 from line 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reconciliation of allocation and apportionment of deductible expenses to ECI and non-ECI on books and records under Regulations section 1.861-8 (from line 37) 38a 38a b Other deductible expenses definitely related to ECI or non-ECI (from line 37) . . . . . . . . . . . . . . . . . . 38b 40 41 Total deductible expenses definitely related to ECI or non-ECI. Add lines 38a and 38b . . . . . . . . . . . . . . . . . (a) ECI Amounts Derivative transaction deductible expenses definitely related to ECI or non-ECI under Regulations section 1.861-8 (from line 37) 39 . 37 (b) Non-ECI Amounts (c) Total: Add columns (a) and (b) 39 Other deductible expenses on books and records not definitely related to ECI or non-ECI that are allocated and apportioned to ECI and non-ECI (from line 37) . . . . . . . . . . . . 40 Total deductible expenses on books and records allocated and apportioned to ECI and non-ECI. Add lines 39 and 40. Column (c) must equal line 37 . . . . . . . . . . . . . . . . 41 Note: Line 41, column (a) is the total of the deductions reported on Form 1120-F, Section II, lines 12, 13, 14, 16, 17, 19 through 25, and 27. Schedule H (Form 1120-F) 2016
Extracted from PDF file 2016-federal-1120-f-schedule-h.pdf, last modified November 2016

More about the Federal 1120-F (Schedule H) Corporate Income Tax TY 2016

We last updated the Deductions Allocated To Effectively Connected Income Under Regulations Section 1.861-8 in May 2017, so this is the latest version of 1120-F (Schedule H), fully updated for tax year 2016. You can download or print current or past-year PDFs of 1120-F (Schedule H) directly from TaxFormFinder. You can print other Federal tax forms here.

Other Federal Corporate Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 941 Employer's Quarterly Federal Tax Return
Form 9465 Installment Agreement Request
Form 990 or 990-EZ (Sch A) Public Charity Status and Public Support
Form 1125-A Cost of Goods Sold
Form 1120 U.S. Corporation Income Tax Return

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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal 1120-F (Schedule H) from the Internal Revenue Service in May 2017.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Federal 1120-F (Schedule H)

We have a total of six past-year versions of 1120-F (Schedule H) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 1120-F (Schedule H)

2016 Form 1120-F (Schedule H)

Deductions Allocated To Effectively Connected Income Under Regulations Section 1.861-8 2015 1120-F (Schedule H)

2015 Form 1120-F (Schedule H)

Deductions Allocated To Effectively Connected Income Under Regulations Section 1.861-8 2014 1120-F (Schedule H)

2014 Form 1120-F (Schedule H)

Deductions Allocated To Effectively Connected Income Under Regulations Section 1.861-8 2013 1120-F (Schedule H)

2013 Form 1120-F (Schedule H)

Deductions Allocated To Effectively Connected Income under Regulations Section 1.861-8 2012 1120-F (Schedule H)

2012 Form 1120-F (Schedule H)

Deductions Allocated To Effectively Connected Income under Regulations Section 1.861-8 2011 1120-F (Schedule H)

2011 Form 1120-F (Schedule H)


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