Eversheds Sutherland Legal Insights (audio)

Not much attention has been paid to the mechanics of the actual calculation of section 965 amounts. It is important to understand the mechanics of section 965 calculations and the inputs, especially in light of their impact on carry-over tax attributes in future years.This Bottom Line videocast discusses: a brief summary of section 965 the calculation of the section 965(c) deduction using Worksheet 1.1 in Publication 5292 under two scenarios the calculation of the disallowed foreign tax credit using Worksheet H in Publication 5292 under the scenarios