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boruckiron
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What is "Special Processing Condition IRC965"?

 
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KittyM
Level 2

What is "Special Processing Condition IRC965"?

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

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KittyM
Level 2

What is "Special Processing Condition IRC965"?

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

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