×
tax forms found in
Tax Form Code
Tax Form Name

Federal Free Printable Form 5713 (Schedule B) (Rev. September 2018) for 2019 Federal Specifically Attributable Taxes and Income (Section 999(c)(2))

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2018-federal-5713-schedule-b.pdf, and you can print it directly from your computer.

Specifically Attributable Taxes and Income (Section 999(c)(2))
Form 5713 (Schedule B) (Rev. September 2018)

SCHEDULE B (Form 5713) Specifically Attributable Taxes and Income (Section 999(c)(2)) (Rev. September 2018) ▶ Complete only if you are not computing a loss of tax benefits using the international boycott factor on Schedule A (Form 5713). Department of the Treasury Internal Revenue Service ▶ OMB No. 1545-0216 ▶ Attach to Form 5713. ▶ See instructions on page 2. Go to www.irs.gov/forms-pubs/about-schedule-b-form-5713 for the latest information. Identifying number Name Name of country being boycotted (check one) Israel Other (identify) ▶ Important: If you are involved in more than one international boycott, use a separate Schedule B (Form 5713) to compute the specifically attributable taxes and income for each boycott. Specifically Attributable Taxes and Income by Operation (Use a separate line for each operation.) Principal business activity Name of country Code Description (1) (2) (3) Foreign tax credit Subpart F income IC-DISC income FSC income Foreign taxes Prorated share of Taxable income Taxable income attributable to international attributable to attributable to boycott operations boycott income boycott operations boycott operations (4) (5) (6) (7) a b c d e f g h i j k l m n o Total . . . . . . . . . . . . . . . . . . ▶ For Paperwork Reduction Act Notice, see the Instructions for Form 5713. Cat. No. 12060S Schedule B (Form 5713) (Rev. 9-2018) Schedule B (Form 5713) (Rev. 9-2018) Future Developments For the latest information about developments related to Schedule B (Form 5713) and its instructions, such as legislation enacted after they were published, go to www.irs.gov/formspubs/about-schedule-b-form-5713. General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Who Must File Complete Schedule B (Form 5713) if: • You participated in or cooperated with an international boycott, and • You figure the loss of tax benefits by specifically attributing taxes and income. If you do not specifically attribute taxes and income for this purpose, you must compute the international boycott factor on Schedule A (Form 5713). Do not use Schedule B (Form 5713) to figure the reduction to foreign trade income qualifying for the extraterritorial income exclusion. Instead, use Schedule A (Form 5713). Certain shareholders. IC-DISC benefits, certain FSC benefits, the “deemed paid” foreign tax credit under section 902 (with respect to dividends paid in pre-2018 tax years of foreign corporations) and section 960, and the deferral of subpart F income are lost at the shareholder level. Shareholders in an IC-DISC, certain FSCs, or a foreign corporation must report their prorated share of the tax benefits denied. The denial of these benefits is discussed in the specific instructions for columns (4) through (7). Boycott Operations All of your operations in a boycotting country are considered to be boycott operations, unless you rebut the presumption of participation in or cooperation with the boycott (as explained below). In addition, your operations that are not in a boycotting country are boycott operations if they are connected to your participation in or cooperation with the boycott. Rebutting the presumption of boycott participation or cooperation. One act of participation or cooperation creates the presumption that you participate in or cooperate with the boycott unless you rebut the presumption. The presumption applies to all of your operations and those of each member of any controlled groups (defined in section 993(a)(3)) to which you belong, Page in each country that helps carry out the boycott. You can rebut the presumption of participation in or cooperation with a boycott for a particular operation by demonstrating that the operation is separate from any participation in or cooperation with an international boycott. The presumption applies only to operations in countries that carry out the boycott. Therefore, you do not need to rebut the presumption for operations that are related to those countries if the operations take place outside of those countries. Specific Instructions File Schedule B (Form 5713) for the period covered by your income tax return. Report only your own taxes and income; do not include the taxes and income of other members of any controlled groups to which you belong. Columns (1) Through (7) In completing columns (1) through (7), show all specifically identifiable taxes and income in each appropriate column from one operation on one line. Column (1). Enter the name of the country that requires participation in or cooperation with an international boycott as a condition of doing business in that country. The country named in column (1) is not necessarily the country where you have operations. For example, if you have operations in Country Z that is not a boycotting country and the operation relates to Country X that is a boycotting country, enter the name of Country X in column (1). See the Instructions for Form 5713 for a list of boycotting countries. Column (2). Enter the principal business activity code of the boycott operation from the list in the Instructions for Form 5713. Column (3). Briefly describe the principal business activity of the boycott operation. For IC-DISCs, enter the major product code and description in parentheses. See the Instructions for Schedule N of Form 1120-IC-DISC for a list of the codes. Column (4). Enter the foreign taxes paid, accrued, or deemed paid that are attributable to the boycott operation. These taxes are not eligible for the foreign tax credit. Omit foreign taxes otherwise disallowed under sections 901 through 907, 911, and 6038. For more information, see Part N of the Treasury Department’s International Boycott Guidelines. 2 Enter the column (4) total on Schedule C (Form 5713), line 2b. Column (5). Enter your prorated share of the controlled foreign corporation’s income that is attributable to the boycott operation. (This includes your share of the nonexempt income of an FSC. See section 923(a)(2), as in effect before its repeal.) This amount is not eligible for tax deferral. Omit the foreign corporation’s income attributable to earnings and profits that are included in gross income under section 951 (except by reason of section 952(a)(3)). Also omit amounts excluded from subpart F income by section 952(b). In figuring the amount to enter in column (5), you are allowed a reasonable amount for deductions (including foreign taxes) allocable to that income. Enter the column (5) total on Schedule C (Form 5713), line 3b. Column (6). An IC-DISC’s taxable income attributable to boycott participation or cooperation is not eligible for deferral. If you are a shareholder in an ICDISC, follow these steps for each boycott operation and enter the result in column (6). 1. Determine the portion of the amount on Form 1120-IC-DISC, Schedule J, Part I, line 7, that is attributable to the boycott operation. 2. Subtract that amount from the IC-DISC’s taxable income attributable to the boycott operation for the tax year, before reduction for any distributions. 3. If you are a C corporation, determine your pro rata share of the remainder and multiply that amount by 16/17. If you are not a C corporation, determine your pro rata share of the remainder. 4. Enter the result in column (6). Enter the column (6) total on Schedule C (Form 5713), line 4b. Column (7). An FSC’s taxable income attributable to boycott participation or cooperation is not eligible for exemption from income tax. Enter in column (7) the taxable income attributable to foreign trade income of an FSC for each boycott operation that would have been exempt had there not been boycott participation or cooperation. Enter the column (7) total on Schedule C (Form 5713), line 5b.
Extracted from PDF file 2018-federal-5713-schedule-b.pdf, last modified September 2018

More about the Federal 5713 (Schedule B) Corporate Income Tax TY 2018

We last updated the Specifically Attributable Taxes and Income (Section 999(c)(2)) in December 2018, so this is the latest version of 5713 (Schedule B), fully updated for tax year 2018. You can download or print current or past-year PDFs of 5713 (Schedule B) directly from TaxFormFinder. You can print other Federal tax forms here.

Related Federal Corporate Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Federal 5713 (Schedule B).

Form Code Form Name
5713 (Schedule A) International Boycott Factor (Section 999(c)(1))
5713 (Schedule C) Tax Effect of the International Boycott Provisions

Download all  tax forms View all 775 Federal Income Tax Forms


Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal 5713 (Schedule B) from the Internal Revenue Service in December 2018.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Federal 5713 (Schedule B)

We have a total of six past-year versions of 5713 (Schedule B) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 5713 (Schedule B)

Form 5713 (Schedule B) (Rev. September 2018)

2017 5713 (Schedule B)

Form 5713 (Schedule B) (Rev. December 2010)

2016 5713 (Schedule B)

Form 5713 (Schedule B) (Rev. December 2010)

Specifically Attributable Taxes and Income (Section 999(c)(2)) 2015 5713 (Schedule B)

Form 5713 (Schedule B) (Rev. December 2010)

Specifically Attributable Taxes and Income (Section 999(c)(2)) 2012 5713 (Schedule B)

Form 5713 (Schedule B) (Rev. December 2010)

Specifically Attributable Taxes and Income (Section 999(c)(2)) 2011 5713 (Schedule B)

Form 5713 (Schedule B) (Rev. December 2010)


TaxFormFinder Disclaimer:

While we do our best to keep our list of Federal Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/federal/5713-schedule-b