§903 — Credit for taxes in lieu of income, etc., taxes

21 cases·1 followed·3 distinguished·17 cited—5% support

Statute Text — 26 U.S.C. §903

For purposes of this part and of sections 164(a) and 275(a), the term “income, war profits, and excess profits taxes” shall include a tax paid in lieu of a tax on income, war profits, or excess profits otherwise generally imposed by any foreign country or by any possession of the United States.

Treasury Regulations

Treas. Reg. §Treas. Reg. §1.903-1 Taxes in lieu of income taxes
Treas. Reg. §Treas. Reg. §1.903-1(a) Overview.
Treas. Reg. §Treas. Reg. §1.903-1(b) Definition of tax in lieu of an income tax—(1) In general.
Treas. Reg. §Treas. Reg. §1.903-1(c) Substitution requirement—(1) In general.
Treas. Reg. §Treas. Reg. §1.903-1(d) Examples.
Treas. Reg. §Treas. Reg. §1.903-1(e) Applicability dates.
Treas. Reg. §Treas. Reg. §1.903-1(i) Withholding tax on nonresidents.

21 Citing Cases

Exxon Mobil Corporation and Affiliated Companies, f.k.a. Exxon Corporation and Affiliated Companies, Petitioners 113 T.C. No. 24 · 1999

ion is whether petroleum revenue tax (PRT) petitioners paid to the United Kingdom for 1983 through 1988 constitutes, for U.S. income tax purposes, a creditable income or excess profits tax under section 901 or a creditable'tax in lieu thereof under section 903. Unless otherwise indicated, all section references are to the Internal Revenue Code in effect for the years in question, and all Rule references are to the Tax Court Rules of Practice and Procedure. FINDINGS OF FACT The parties have stipu

Estate of Martin J. Machat, Deceased; Avril Giacobbi and Eric R. Sklar, Executors, Petitioners T.C. Memo. 1998-154 · 1998

903 (McKinney 1994); see also In re Barrett's Estate, 82 N.Y.S.2d 137, 142 (Surr. Ct. 1948) (a temporary administrator's "powers are conferred and regulated by statute"); In re Gross' Estate, 31 N.Y.S.2d 610, 611 (Surr. Ct. 1941) (a temporary administrator is a receiver of the court and, - 18 - in a literal sense, an alter ego of the court);

Amoco Corporation, f.k.a. Standard Oil Company (Indiana) & Affiliated Corporations, Petitioners T.C. Memo. 1996-159 · 1996

In stating the reasons why the Egyptian tax system met the requirements for a creditable tax under section 903, Amoco stated: "No portion of Amoco's tax is refunded to it, nor is any portion of such tax used directly or indirectly to provide a subsidy to Amoco." The computation of EGPC's taxes was not addressed, and Amoco did not indicate that EGPC had claimed a tax credit for taxes paid on behalf of Amoco Egypt.

Southern Pacific Transportation Co. v. Commissioner 75 T.C. 497 · 1980

Bank of America National Trust & Savings Ass'n v. Commissioner 61 T.C. 752 · 1974

F. W. Woolworth Co. v. Commissioner 54 T.C. 1233 · 1970

Phillips Petroleum Co. v. Commissioner 104 T.C. 256 · 1995

Exxon Corp. & Affiliated Companies v. Commissioner 113 T.C. 338 · 1999

Downey v. Commissioner 97 T.C. 150 · 1991

Estate of Newhouse v. Commissioner 94 T.C. 193 · 1990

Paparo v. Commissioner 71 T.C. 692 · 1979

Weaver v. Commissioner 32 T.C. 411 · 1959

Tank Truck Rentals, Inc. v. Commissioner 26 T.C. 427 · 1956

Blum Folding Paper Box Co. v. Commissioner 4 T.C. 795 · 1945

Angelus Milling Co. v. Commissioner 1 T.C. 1031 · 1943

Apogee Coal Company v. OWCP 113 F.4th 751 · Cir.

United States v. Luciano Pascacio-Rodriguez 749 F.3d 353 · Cir.

Willy v. Administrative Review Board 423 F.3d 483 · Cir.

Ky. Emps. Ret. Sys. v. Seven Counties Servs., Inc. 901 F.3d 718 · Cir.

United States v. Brian Carter · Cir.

United States v. Brian Carter 961 F.3d 953 · Cir.