Page 790 - Large Business IRS Training Guides

Form 1120 Reporting for
2017

• Section 965 components are not reported on Form

1120 (U.S.
Corporation Income Tax Return) or Form

1118 (Foreign Tax Credit—Corporations).

965
• Section 965 components are reported on IRC

Transition Tax Statement.

tax liability under section 965 is included on Form
• Net

1120,
Schedule J, Part I, Line 11.

• Triggers
math error routing return to ERS.

• Installments to be paid in future taxable years are

reported in Form
1120, Schedule J, Part II, Line 19d.

112