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What is "Special Processing Condition IRC965"?

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KittyMAnswer

Level 10

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

KittyMAnswer

Level 10

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