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Level 1
June 6, 2019
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What is "Special Processing Condition IRC965"?

  • June 6, 2019
  • 1 reply
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Best answer by KittyM

Section 965 of the Internal Revenue Code or "IRC 965", governs the transitional taxation of deferred foreign income from foreign corporations.  I did not find any guidance for 2018, but I found this publication from 2017 on the irs.gov website How to Calculate Section 965 Amounts and Elections

1 reply

KittyMAnswer
Level 10
June 6, 2019

Section 965 of the Internal Revenue Code or "IRC 965", governs the transitional taxation of deferred foreign income from foreign corporations.  I did not find any guidance for 2018, but I found this publication from 2017 on the irs.gov website How to Calculate Section 965 Amounts and Elections