April 2018 JD Supra

Section 965 of the Internal Revenue Code requires certain U.S. Shareholders to pay a transition tax on the untaxed foreign earnings of certain Specified Foreign Corporations as if those earnings had been repatriated to the United States.  Section 965 may give rise to a 2017 tax liability to: https://www.jdsupra.com/legalnews/taxpayers-may-have-to-pay-section-965-32656/