Alert: IRS releases new forms and schedules for Sec. 965 transition tax
The IRS has released new forms and schedules regarding additional reporting requirements for the Section 965 transition tax. The new forms and schedules request various items for the 2017 and 2018 transition tax years such as the Section 965(a) inclusion, the 965(c) deduction, foreign tax credit information, and elections made. Learn more about what is required to be reported on these forms and schedules in our latest alert.