Get Form 5713 (schedule B) (rev. October 1999). Specifically Attributable Taxes And Income (section

This guide provides a clear, step-by-step approach to filling out Form 5713 (Schedule B) (Rev. October 1999), focusing on specifically attributable taxes and income. It is designed to assist users in accurately completing the form, ensuring compliance with tax regulations.

Follow the steps to accurately complete the form.

1. Click ‘Get Form’ button to obtain the form and open it in your online editor.
2. Enter the name of the country being boycotted in the appropriate field. If you are boycotting multiple countries, be sure to complete a separate Schedule B for each.
3. In the principal business activity code section, input the code corresponding to your business activity related to the boycott operation.
4. Briefly describe the principal business activity in the designated area, including any relevant product codes in parentheses if applicable.
5. Report the foreign taxes attributable to the boycott operations in the foreign taxes field, ensuring to exclude any taxes that do not qualify for the foreign tax credit.
6. Complete the section for prorated shares of income from controlled foreign corporations that are attributable to the boycott operations.
7. Calculate and enter the taxable income attributable to the boycott operations in the designated column, making sure to follow the specified steps outlined in the instructions.
8. Finally, review all entries for accuracy, save your changes, and then download, print, or share the completed form as necessary.

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