Reduction of Foreign Oil and Gas Taxes

• Legal Form Number: 1118 (Schedule I)
• Year: 2021
• Issuer: Treasury Department
• Section: Treasury Department

SCHEDULE I

(Form 1118)

(Rev. December 2021)

Department of the Treasury

Internal Revenue Service

Reduction of Foreign Oil and Gas Taxes

▶Attach to Form 1118.

▶Go to www.irs.gov/Form1118 for the latest information.

For calendar year 20 , or other tax year beginning , 20 , and ending , 20

OMB No. 1545-0123

Name of corporationEmployer identification number

Use a separate Schedule I (Form 1118) for each applicable category of income (see instructions).

aSeparate Category (Enter code—see instructions.) ...............................▶

bIf code 901j is entered on line a, enter the country code for the sanctioned country (see instructions) ..............▶

cIf one of the RBT codes is entered on line a, enter the country code for the treaty country (see instructions) ............▶

Report all amounts in U.S. dollars.

Part ICombined Foreign Oil and Gas Income and Taxes

1(a). EIN or Reference ID number

(see instructions)*

1(b). Foreign country or U.S. possession

(enter two-letter code—use a separate

line for each) (see instructions)

Gross Foreign Oil and Gas Income From Sources Outside the United States and Its Possessions (see instructions)

2. Gross foreign oil and

gas extraction income

3. Gross foreign oil

relatedincome

4. Inclusions under

sections 951(a)(1) and

951A

5. Other

6. Total

(add columns 2

through 5)

A

B

C

D

E

F

Totals (add lines A through F) ...............▶

*

For section 863(b) income, use a single line (see instructions).

Deductions

7. Allocabledeductions8. Apportioned

deductions

9. Total

(add columns 7and 8)

10. Taxable income

(column 6 minus

column 9)

Foreign Oil and Gas Taxes (attach schedule)

11. Paid or accrued12. Deemed paid13. Total

(add columns 11and 12)

A

B

C

D

E

F

Totals

For Paperwork Reduction Act Notice, see the Instructions for Form 1118.Cat. No. 10237LSchedule I (Form 1118) (Rev. 12-2021)