The U.S. IRS has published an updated practice (process) unit on the Allowance of Deductions and Credits on 1120-F Delinquent Returns. Form 1120-F is the U.S. income tax return of a foreign corporation. The process overview includes the following: Note: This Practice Unit was updated to remove references to resources that are no longer current or available, to update the effective date of IRM 4.61.14 and to update technical contents on slides 8, 11, 16 and 17 to ensure agreement with the updated IRM. Minor typographical or formatting errors were corrected throughout the Unit. It supersedes the 07/08/2022 Practice Unit...