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New Member
posted Jun 5, 2019 11:33:25 PM

What is "Special Processing Condition IRC965"?

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Level 2
Jun 5, 2019 11:33:27 PM

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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Level 2
Jun 5, 2019 11:33:27 PM

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