The U.S. IRS and Treasury have issued final regulations providing Guidance Related to the Foreign Tax Credit; Clarification of Foreign-Derived Intangible Income (TD 9959). The regulations are scheduled to be formally published in the Federal Register on 4 January 2022 and will be effective 60 days after publication. --- SUMMARY: This document contains final regulations relating to the foreign tax credit, including the disallowance of a credit or deduction for foreign income taxes with respect to dividends eligible for a dividends-received deduction; the allocation and apportionment of interest expense, foreign income tax expense, and certain deductions of life insurance companies;...