Limitation on Reduction in Income Tax Liability Incurred to the Virgin Islands (TD 6629)

The Tax Reform Act of 1986 repealed the mandatory reporting and recordkeeping requirements of section 934(d)(1954 Code). The prior exception to the general rule of section 934 (1954 Code) to prevent the Government of the U.S. Virgin Islands from granting tax rebates with regard to taxes attributable to income derived from sources within the U.S. was contingent upon the taxpayer's compliance with the reporting requirements of section 934(d).

The latest form for Limitation on Reduction in Income Tax Liability Incurred to the Virgin Islands (TD 6629) expires 2023-02-28 and can be found here.