Calculate and Report Section 965 Transition Tax On-Demand Webinar


Section 965, Transition Tax on Accumulated Foreign Earnings, is the one-time U.S. transition tax on untaxed foreign earnings of foreign subsidiaries of U.S. corporations. This webinar explains how to identify U.S. shareholders with income inclusions attributable to interests in specified foreign corporations, calculate the accumulated earnings and profits (AE&P) attributable to each specified foreign corporation on the relevant determination dates, and compute any available offsets for net operating loss (NOL) years to calculate net earnings subject to the transition tax.


Upon completion of this course, you will be able to:

  • Identify U.S. shareholders with income inclusion requirements attributed to their interest in a specified foreign corporation
  • Calculate the accumulated earnings and profits (AE&P) attributed to specified foreign corporations and the relevant determination dates
  • Compute available offsets for NOL years to arrive at the corporation’s net earnings subject to the transition tax
  • Discuss the relevant schedules used to arrive at the taxable amount for Form 965, Inclusion of Deferred Foreign Income Upon Transition to Participation Exemption System, and Form 1040, Schedule 2, Line 9

Course Details

This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.


Presented by: Genaro Cardaropoli, CPA, MPA

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