965 tax liability definition - EAS
- Net tax liabilitySection 965 Liability means the “ net tax liability ” of the Merck Group under Section 965 (h) (6) (A) of the Code. Sample 1 Sample 2 Sample 3 Based on 4 documents Examples of Section 965 Liability in a sentence Section 2.5 Certain Transaction Taxes, Section 965 Liability, and Breaches of Representations or Covenants.
www.lawinsider.com/dictionary/section-965-liability - People also ask
- https://www.irs.gov/businesses/section-965-transition-tax
Section 965 requires United States shareholders (as defined under section 951(b)) to pay a transition tax on the untaxed foreign earnings of certain specified foreign corporations as if those earnings had been repatriated to the United States. Very generally, a specified foreign corporation means either a controlled forei… See more
IRS is working to alert potentially impacted taxpayers about new tax filing and tax payment obligations arising under recently revised Internal Revenue Code section 965.An overview of sectio… See more
Taxpayers should be aware of their income tax obligations under section 965. See irs.gov for details on the manner of computation and reporting of the new section 965 tax(including i… See more
It is important that all potentially impacted taxpayers are aware of the requirements under section 965. U.S. shareholders of specified foreign corporations need to be aware that an income inclusion may be required for 2017 and certa… See more
- https://www.irs.gov/newsroom/general-section-965...
- Eligible section 965(h) transferors and transferees may enter into Transfer Agreements (see Q2) with the IRS to defer payment of the remaining amount of the section 965(h) net tax liability or section 965(i) net tax liability that would otherwise become due as a result of certain acceleration or triggering events. See §§1.965-7(b)(3)(iii) and 1.965...
Calculating & Reporting: Sec. 965 Toll Tax Liability
https://gtmtax.com/tax-insights/articles/sec-965-toll-tax-liabilityJun 28, 2018 · A taxpayer’s Sec. 965 net tax liability is defined in Sec. 965 (h) (6) (A) as the excess of: “ (i) such taxpayer’s net income tax for the taxable year …
- Estimated Reading Time: 7 mins
- https://www.lawinsider.com/dictionary/unadjusted-section-965-tax-liability
Define Unadjusted Section 965 Tax Liability. means, with respect to a Sub-Group and a U.S. federal income tax year of the DowDuPont U.S. Consolidated Group, the liability under Section …
- https://www.lawinsider.com/dictionary/pro-forma-section-965-tax-liability
Define Pro Forma Section 965 Tax Liability. means, with respect to a Sub-Group and a U.S. federal income tax year of the DowDuPont U.S. Consolidated Group, the notional Tax liability under …
- https://www.irs.gov/forms-pubs/about-form-965-a
Sep 21, 2022 · About Form 965-A, Individual Report of Net 965 Tax Liability. Form 965-A is used by individual taxpayers and entities taxed like individuals to report a taxpayer's net 965 …
- https://www.lawinsider.com/dictionary/section-965-liability
Section 965 Liability means the amount representing the “net tax liability” of HII under Section 965(h)(6)(A) attributable to the SpinCo Business, as determined by HII. Promptly following the …
- https://www.irs.gov/instructions/i965a
In addition, this form is used to report the determination of a taxpayer’s net 965 tax liability, whether or not to be paid in installments; the payments of a net 965 tax liability to be paid in …
- https://www.cpajournal.com/2018/11/14/demystifying...
Nov 14, 2018 · The old section 965 was the one-year Temporary Dividends Received Deduction introduced as part of the American Jobs and Creation Act of 2004. The new section 965, enacted by the Tax Cuts and Jobs Act of 2017 …
- https://www.irs.gov/pub/irs-pdf/i965a.pdf
This form is used to report a taxpayer’s net 965 tax liability for each tax year in which a taxpayer must report or pay section 965 amounts. In addition, this form is used to report the …
Related searches for 965 tax liability definition
