This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on December 1, 2019. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is IRS Form 965-E?
A: IRS Form 965-E is a Consent Agreement Under Section 965(I)(4)(D).
Q: What is the purpose of IRS Form 965-E?
A: The purpose of IRS Form 965-E is to provide consent for the inclusion of certain amounts in gross income under Section 965.
Q: Who needs to fill out IRS Form 965-E?
A: Taxpayers who are required to include certain amounts in gross income under Section 965 need to fill out Form 965-E.
Q: What is Section 965?
A: Section 965 is a provision of the Internal Revenue Code that requires certain U.S. shareholders to include in their gross income the accumulated post-1986 deferred foreign income of specified foreign corporations.
Q: Why is consent required for Form 965-E?
A: Consent is required to confirm that the taxpayer agrees to include the specified amounts in their gross income for tax purposes.
Q: Are there any penalties for not filing Form 965-E?
A: Failure to file Form 965-E or to comply with its requirements may result in penalties imposed by the IRS.