On December 28, 2021, Treasury and the IRS (collectively, Treasury) submitted another package of final foreign tax credit regulations for publication, T.D. 9959, 87 FR 276 (Final Regulations).
On December 28, 2021, the Treasury Department and the IRS issued another tranche of final foreign tax credit (FTC) regulations, which were officially published in the Federal Register on January 4, 2022.