Andrew Mitchel LLC

International Tax Blog - New and Interesting International Tax Issues

New IRS Practice Unit: 965 Transition Tax


Yesterday the IRS published a new practice unit titled “IRC 965 Transition Tax Overview.”  This practice unit discusses the section 965 transition tax that was enacted as part of TCJA.  Section 965 deals with the treatment of deferred foreign income upon the transition to the participation exemption system of taxation.

You can find links to this practice unit on our Practice Units By Topic page.

Tags: 965 Transition Tax, Other - IRS Practice Units