Guidance Regarding the Transition Tax Under Section 965 and Related Provision

This information collection request contains final regulations implementing section 965 of the Internal Revenue Code (the “Code”). Section 965 was amended by the Tax Cuts and Jobs Act, which was enacted on December 22, 2017. This document finalizes the proposed regulations published on August 9, 2018. The final regulations affect United States persons with direct or indirect ownership interests in certain foreign corporations.

The latest form for Guidance Regarding the Transition Tax Under Section 965 and Related Provision expires 2022-08-31 and can be found here.