Article: 50214

Overview

Form 965-E is used to formally document the consent of all relevant parties to be jointly and severally liable for the outstanding net tax liability under section 965(i), in the event of a triggering event.

Specifically, it is used when:

• A triggering event occurs that ends a taxpayer’s deferral of the transition tax liability under section 965(i) (e.g., certain transfers or distributions involving S corporations).
• The taxpayer elects to continue deferring payment of the liability under section 965(i) following the triggering event, by having a qualified successor entity or person assume the liability.
• All involved parties (e.g., the transferor and transferee) agree to be jointly and severally liable for the tax.

Add Form 965-E

To add the Form 965-E:

1. Go to Federal Taxes.
2. Click Review.
3. Click I’d like to see the forms I’ve filled out or search for a form.
4. Enter Form 965-E in the search box and click on Form 965 – E Consent Agreement Under Section 965(i)(4)(D) to add and open the form.
5. Enter your information and click Save.

Further Information

See About Form 965-E and/or Instructions for Form 965-E for more information.