Page 815 - Large Business IRS Training Guides

Lesson Summary
8

be able to:
You should now

• Explain new section 965 terminology;

inclusions;
• Calculate section 965(a)

• Calculate section 965(c) deductions;

• Determine foreign tax
credits associated with section
965(a) inclusions;

• Apply anti-abuse provisions;

• Explain section 965 elections;

• Explain reporting of
section 965; and

• Apply audit techniques.

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