transition tax 965 - EAS
- 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
It is important that all potentially impacted taxpayers are aware of the requirements under section 965. U.S. sha… 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
Explore further
- https://www.irs.gov/pub/irs-utl/irc965-transition-tax-overview.pdf
WebIn general, IRC 965 requires United States shareholders, as defined under IRC 951(b), to …
- File Size: 261KB
- Page Count: 25
Overview of section 965 “transition tax” - KPMG
https://home.kpmg/us/en/home/insights/2021/03/tnf...WebMar 23, 2021 · The title of this “concept unit” (as referred to by the IRS) is: IRC 965 transition tax overview. Read this concept unit on the IRS practice unit webpage (posting date of March 23, 2021). As explained by this IRS …
Section 965: Treatment of Deferred Foreign Income (Transition Tax)
https://www.fbarlawyersirs.com/section-965-transition-taxWebSection 965 Transition Tax Section 965 of the Internal Revenue Code deals with the …
