Page 690 - Large Business IRS Training Guides

Lesson Overview

– Basics & Definitions
• Part I
• Introduction

• Definitions

inclusion
• Timing of section 965(a)

• Part II – Calculation

earnings amount
• Section 965(a)
• Section 965(b)
allocation of the aggregate foreign E&P

deficit

• Section 965(a)
inclusion amount
deduction
• Section 965(c)

• Aggregate foreign cash position & cash position

• E&P and basis adjustments

• Foreign tax credit issues

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