Federal Deferred Foreign Income Corporation’s Earnings and Profits (E&P)
965 (Schedule B) is obsolete, and is no longer supported by the Federal Department of Revenue.
Extracted from PDF file 2020-federal-965-schedule-b.pdf, last modified September 2020
Deferred Foreign Income Corporation’s Earnings and Profits (E&P)Note: The draft you are looking for begins on the next page. Caution: DRAFT—NOT FOR FILING This is an early release draft of an IRS tax form, instructions, or publication, which the IRS is providing for your information. Do not file draft forms and do not rely on draft forms, instructions, and publications for filing. We do not release draft forms until we believe we have incorporated all changes (except when explicitly stated on this coversheet). However, unexpected issues occasionally arise, or legislation is passed—in this case, we will post a new draft of the form to alert users that changes were made to the previously posted draft. Thus, there are never any changes to the last posted draft of a form and the final revision of the form. Forms and instructions generally are subject to OMB approval before they can be officially released, so we post only drafts of them until they are approved. Drafts of instructions and publications usually have some changes before their final release. Early release drafts are at IRS.gov/DraftForms and remain there after the final release is posted at IRS.gov/LatestForms. All information about all forms, instructions, and pubs is at IRS.gov/Forms. Almost every form and publication has a page on IRS.gov with a friendly shortcut. For example, the Form 1040 page is at IRS.gov/Form1040; the Pub. 501 page is at IRS.gov/Pub501; the Form W-4 page is at IRS.gov/W4; and the Schedule A (Form 1040/SR) page is at IRS.gov/ScheduleA. If typing in a link above instead of clicking on it, be sure to type the link into the address bar of your browser, not a Search box. If you wish, you can submit comments to the IRS about draft or final forms, instructions, or publications at IRS.gov/FormsComments. We cannot respond to all comments due to the high volume we receive and may not be able to consider many suggestions until the subsequent revision of the product. If you have comments on reducing paperwork and respondent (filer) burden, with respect to draft or final forms, please respond to the relevant information collection through the Federal Register process; for more info, click here. Form DRAFT AS OF September 15, 2020 DO NOT FILE 965-B Corporate and Real Estate Investment Trust (REIT) Report of Net 965 Tax Liability and Electing REIT Report of 965 Amounts (Rev. January 2021) Department of the Treasury Internal Revenue Service ▶ Check this box if this is an amended report . . . OMB No. 1545-0123 Go to www.irs.gov/Form965B for instructions and the latest information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Identifying number Name of taxpayer or REIT . . . . . . . . . ▶ Taxable year of reporting REITs Electing To Account for Section 965 Amounts Over Time Must Fill Out Part III. Part I Report of Net 965 Tax Liability and Election To Pay in Installments (a) Year of Section 965(a) Inclusion or Liability Assumed (b) Taxpayer’s Net Tax Liability With all 965 Amounts (see instructions) 2017 2018 2019 2020 Part II (e) Installment Election Made (f) Net 965 Tax Liability To Be Paid in Full in Year 1 (if column (e) is “No,” enter amount from column (d)) No (g) Net 965 Tax Liability To Be Paid in Installments (if column (e) is “Yes,” enter amount from column (d) and see instructions) (h) Net 965 Tax Liability Transferred (Out), Transferred In, or Subsequent Adjustments, if any (see instructions) (i) Tax Identification Number of Buyer/ Transferee or Seller/ Transferor Record of Amount of Net 965 Tax Liability Paid by the Taxpayer (see instructions) (a) Year of Section 965(a) Inclusion or Liability Assumed (see instructions) 1 2 3 4 5 6 7 8 (b) (c) Paid for Year 2 (d) Paid for Year 3 (e) Paid for Year 4 (f) Paid for Year 5 2017 2018 2019 2020 (g) Paid for Year 6 1 2 3 4 5 6 7 8 Totals . (d) Net 965 Tax Liability (subtract column (c) from column (b)) Yes (see instructions) 1 2 3 4 5 6 7 8 (c) Taxpayer’s Net Tax Liability Without 965 Amounts (see instructions) . . . . . . (h) Paid for Year 7 . . . . . . . . . . . . (j) Net 965 Tax Liability Remaining Unpaid (see instructions) (i) Paid for Year 8 . . . . . For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions. . . . . . . . . . (k) Net 965 Tax Liability Paid for the Reporting Year ▶ Cat. No. 71278S Form 965-B (Rev. 1-2021) DRAFT AS OF September 15, 2020 DO NOT FILE Form 965-B (Rev. 1-2021) Part III (a) Tax Year of Section 965(a) Inclusion and Section 965(c) Deduction 1a 1b 2a 2b 3a 3b 4a 4b Page 2 Electing REIT Report of Section 965 Amounts Accounted for Over Time (see instructions) (b) Amount Elected To Be Accounted for Over Time (c) Portion Accounted for in Year 1 (d) Portion Accounted for in Year 2 (e) Portion Accounted for in Year 3 (f) Portion Accounted for in Year 4 (h) Portion Accounted for in Year 6 (i) Portion Accounted for in Year 7 (j) Portion Accounted for in Year 8 (k) Amount Remaining To Be Accounted for (l) Portion Accounted for in This Reporting Year 2017 Section 965(a) Inclusion 2017 Section 965(c) Deduction 2018 Section 965(a) Inclusion 2018 Section 965(c) Deduction 2019 Section 965(a) Inclusion 2019 Section 965(c) Deduction 2020 Section 965(a) Inclusion 2020 Section 965(c) Deduction (g) Portion Accounted for in Year 5 1a 1b 2a 2b 3a 3b 4a 4b Totals . . . . . . . . . . . . . . . . . . . . . . . . If more lines are needed for any Parts on this form, attach additional sheets. . . . . . . . . . . . . . ▶ Form 965-B (Rev. 1-2021)
Form 965-B (Rev. January 2021)
More about the Federal 965 (Schedule B) Corporate Income Tax
We last updated the Deferred Foreign Income Corporation’s Earnings and Profits (E&P) in July 2021, and the latest form we have available is for tax year 2020. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Federal Internal Revenue Service. You can print other Federal tax forms here.
Related Federal Corporate Income Tax Forms:
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 965 (Schedule B) from the Internal Revenue Service in July 2021.
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 965 (Schedule B)
We have a total of three past-year versions of 965 (Schedule B) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
Form 965-B (Rev. January 2021)
Schedule B (Form 965) (January 2019)
Schedule B (Form 965) (January 2019)
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.