Transition Tax Under Section 965

1. With the enactment of the Tax Cuts and Jobs Act, Section 965 imposes a one time tax on US shareholder to pay a transition tax on the untaxed earnings of certain specified Foreign Corporations as if those earnings had been repatriated to the United States.

2. The link to IRS website is:- https://www.irs.gov/businesses/section-965-transition-tax

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