The U.S. IRS has released international practice units on: General Deductions of a Foreign Corporation Engaged in U.S. Trade or Business (Non Treaty): Covers the general allocation and apportionment rules for the deduction of expenses in computing net effectively connected income of a foreign corporation in a non-treaty jurisdiction; Reduced Foreign Taxes Under Treaty Provisions: Covers reduced treaty rates on income in relation to claims for a foreign tax credit, which may not be claimed on foreign tax paid at a rate in excess of the rate provided for by a treaty; and Overview of Statute of Limitations on the...