Prepare a memo for your clients regarding the International Tax provision: Foreign Tax Credit (FTC.) Your Colleagues should be able to use this presentation to provide to their respective companies and clients to understand the provision. Give a brief discussion of the FTC from your groups perspective and then a detailed discussion of the Schedules for IRS Form 1118 (December 2020.) There are substantial details in each schedule. Give a high-level explanation and discuss what information is being sought and determined in each schedule.

1. Schedule A
2. Schedules B
3. Schedule C
4. Schedule D
5. Schedule E
6. Schedules F-1, F2, F-3
7. Schedule G
8. Schedule H
9. Schedule I
10. Schedule J
11. Schedule K

Note: Use IRC Sections 901-909,951A, 960, 245A(d), 245A (e), IRS Final Regulations, IRS Form 1118 & related Instructions

Around 1000 words