Fillable Form 966 - Corporate Dissolution Or Liquidation

Form 966 (Rev. 10-2016)

Page

Paperwork Reduction Act Notice

distributed assets are valued at fair market value.

Exceptions to this rule apply to a liquidation of a

We ask for the information on this form to carry out the

subsidiary and to a distribution that is made according to

Internal Revenue laws of the United States. You are

a plan of reorganization.

required to give us the information. We need it to ensure

Foreign Corporations

that you are complying with these laws and to allow us to

figure and collect the right amount of tax.

A corporation that files a U.S. tax return must file Form

You are not required to provide the information

966 if required under section 6043(a). Foreign

requested on a form that is subject to the Paperwork

corporations that are not required to file Form 1120-F,

Reduction Act unless the form displays a valid OMB

U.S. Income Tax Return of a Foreign Corporation, or any

control number. Books or records relating to a form or its

other U.S. tax return are generally not required to file

instructions must be retained as long as their contents

Form 966.

may become material in the administration of any Internal

U.S. shareholders of foreign corporations may be

Revenue law. Generally, tax returns and return

required to report information regarding a corporate

information are confidential, as required by section 6103.

dissolution or liquidation. See Form 5471, Information

The time needed to complete and file this form will vary

Return of U.S. Persons With Respect To Certain Foreign

depending on individual circumstances. The estimated

Corporations, and its instructions for more information.

burden for business taxpayers filing this form is approved

Address

under OMB control number 1545-0123 and is included in

the estimates shown in the instructions for their business

Include the suite, room, or other unit number after the

income tax return.

street address. If the post office does not deliver mail to

the street address and the corporation has a P.O. box,

If you have comments concerning the accuracy of

enter the box number instead.

these time estimates or suggestions for making this form

simpler, we would be happy to hear from you. You can

Line 5

send us comments from Click

If the immediately preceding tax return was filed

on “More Information” and then on “Give us feedback.”

electronically, enter “e-file” on line 5.

Or you can write to the Internal Revenue Service, Tax

Forms and Publications, 1111 Constitution Ave. NW,

Line 7e

IR-6526, Washington, DC 20224. Do not send the tax

If the consolidated return was filed electronically, enter

form to this address. Instead, see Where To File, earlier.

“e-file” on line 7e.

Line 10

Identify the code section under which the corporation is

to be dissolved or liquidated. For example, enter “section

331” for a complete or partial liquidation of a corporation

or enter “section 332” for a complete liquidation of a

subsidiary corporation that meets the requirements of

section 332(b).

Signature

The return must be signed and dated by the president,

vice president, treasurer, assistant treasurer, chief

accounting officer, or any other corporate officer (such as

tax officer) authorized to sign. If a return is filed on behalf

of a corporation by a receiver, trustee, or assignee, the

fiduciary must sign the return, instead of the corporate

officer.

Form 966 - Corporate Dissolution Or Liquidation - 2016 Page 2

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