IRS Form 965-B

2025 Printable Template

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Form last updated: 03/2024. Please verify this is the current version before use.

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What is a 965-B used for?

Form 965-B is used by S corporation shareholders to make a consent agreement under Section 965(i)(2) regarding the deferral of net tax liability on the transition tax imposed on untaxed foreign earnings of specified foreign corporations.

Who needs to fill out a 965-B form

S corporation shareholders who elect to defer payment of the net tax liability under Section 965(i).

How to fill out a 965-B online?

Follow these steps to complete your 965-B form online.

Step 1
Step 1
Access the form from the IRS website or a PDF editor.
Step 2
Step 2
Enter the shareholder's name and TIN.
Step 3
Step 3
Provide details of the S corporation and Section 965(a) inclusion.
Step 4
Step 4
Complete the consent agreement section.
Step 5
Step 5
Review all entries for accuracy.
Step 6
Step 6
Retain a copy for your records.
Step 7
Step 7
Submit the form according to IRS instructions.

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Frequently Asked Questions

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Form 965-B is used by S corporation shareholders to make a consent agreement under Section 965(i)(2) to defer payment of the net tax liability on the transition tax.

The form should be submitted with the shareholder's income tax return for the year in which the Section 965(a) inclusion is reported.

You should retain any supporting documents for your records, but do not attach them unless specifically instructed by the IRS.

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