Page 791 - Large Business IRS Training Guides

Form 1120 Example

shareholder, a calendar-year domestic corporation,
• U.S.

2017.
files its Form 1120 for

• U.S.
shareholder owns 100% of a specified foreign
corporation that
generates a section 965(a) inclusion for

shareholder’s 201712 taxable year.
the U.S.

• The components necessary to determine the U.S.

tax liability under section 965 for 2017
shareholder’s net

are as follows (continued on next slide):

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