Article: 50231
Form 965-A should be used by individual taxpayers and entities taxed like individuals (for example, certain trusts and estates). This form is used to report a taxpayer’s net 965 tax liability for each tax year in which a taxpayer must report or pay section 965 amounts. In addition, this form is used to report the determination of a taxpayer’s net 965 tax liability, whether or not to be paid in installments; the payments of a net 965 tax liability to be paid in installments; adjustments of any net 965 tax liabilities outstanding, including any net 965 tax liability of the taxpayer that has been assumed by another taxpayer or any net 965 tax liability that the taxpayer has assumed; an S corporation shareholder‘s net 965 tax liability with respect to an S corporation, whether or not to be deferred; and the beginning balance of, adjustments to, and ending balance of any deferred net 965 tax liabilities with respect to an S corporation.
In summary, this form is intended to be a cumulative report of a taxpayer’s net 965 tax liabilities through payment in full. This form must be completed by a taxpayer for every tax year for which the taxpayer has any net 965 tax liability outstanding and not fully paid at any point during the tax year, including deferred net 965 tax liabilities with respect to an S corporation.
Add Form 965-A
To find Form 965-A – Individual Report of Net 965 Tax Liability:
- Go to Federal Taxes.
- Click Review.
- Click I’d like to see the forms I’ve filled out or search for a form.
- Enter Form 965-A in the search box and click on Form 965-A – Individual Report of Net 965 Tax Liability to add and open the form.
- Enter your information and click Save.
To find Form 965-A – Part III and IV:
- Go to Federal Taxes.
- Click Review.
- Click I’d like to see the forms I’ve filled out or search for a form.
- Enter Form 965-A in the search box and click on Form 965A – Part III and IV to add and open the form.
- Enter your information and click Save.