clamarque
Level 1

My client had a section 965 inclusion amount which was reported on the 2017 tax return.  There is no inclusion amount for 2018.  Elections were made under section 965(h)(1) to pay in 8 installments and section 965(i)(1) to defer liability of S corporation shareholder.

I am aware of the form 965-A requirements to report payments and outstanding liability with the 2018 tax return.

There was a section 965 inclusion amount in 2017 but none in 2018. Should a form 965 and related schedules be included with the 2018 tax return?

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itonewbie
Level 15

Yes, unless your client qualifies for organization exemption.  Details of this filing requirement are explained in the filing instructions and Q&A.

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Still an AllStar

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