Schedule D (Form 965), U.S. Shareholder's Aggregate Foreign Cash Position, is an Internal Revenue Service (IRS) schedule that you attach to Form 965. It lists each specified foreign corporation with its cash position and pro rata share, then works out the aggregate foreign cash position on lines 17 to 19. This page, which covers one of the schedules usually searched as "schedule d", lets you fill out the form online on FillingPDF and download or print the completed PDF; the form and its instructions are published by the IRS at www.irs.gov/Form965.
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What is Form 965 (Schedule D)?
Schedule D (Form 965), U.S. Shareholder's Aggregate Foreign Cash Position, is the IRS schedule attached to Form 965 on which a filer lists specified foreign corporations, their cash positions and pro rata shares, and computes the aggregate foreign cash position.
The form is issued by the Internal Revenue Service (IRS) under OMB No. 1545-0123, and the revision printed on it is January 2019. It has two pages. Page 1 is a table with room for 15 specified foreign corporations. For each one you enter the name, its EIN or Reference ID Number, and cash position and pro rata share amounts in columns (c) through (g). The form tells you to take those amounts from Schedule E, columns (b)(3), (c)(3) and (d)(3). The cash position columns are tied to three measurement points: the close of the last taxable year that ends before November 2, 2017, the close of the last taxable year beginning before January 1, 2018, and the year referenced on the form for the other column. Line 16 totals lines 1 through 15.
Page 2 carries the computation. Line 17 is the total of column (g), line 18 combines the totals of columns (c) and (e) and divides by two, and line 19 is the larger of those two amounts. Lines 20 and 21 record the aggregate foreign cash position taken into account on the 2017 and 2018 tax returns.
It is a schedule of Form 965 and is not filed on its own.
Who needs to file Form 965 (Schedule D)?
Whoever files Form 965 and must report a U.S. shareholder's aggregate foreign cash position attaches this schedule to that form. The form itself says "Attach to Form 965," and the header asks for the name of the person filing the return and an identifying number.
The table has 15 lines. If you have more specified foreign corporations than fit, the form says to add schedules as needed.
The printed form does not describe who qualifies as a U.S. shareholder, who may sign or file for someone else, or any exclusions. For those questions, use the IRS instructions for Form 965 at www.irs.gov/Form965.
When to file Form 965 (Schedule D)
You complete Schedule D (Form 965) when you complete Form 965, because the form says to attach it to Form 965. No separate due date is printed on it, so it travels with Form 965 whenever that form is submitted.
Lines 20 and 21 ask for the aggregate foreign cash position taken into account on the 2017 and 2018 tax returns, so have those figures at hand before you start. If you need more than 15 lines for specified foreign corporations, prepare the additional schedules at the same time. For any deadline that applies to Form 965, check the IRS instructions at www.irs.gov/Form965.
How to fill out Form 965 (Schedule D)
Enter the filer's name and number
At the top of page 1, write the name of the person filing this return and the identifying number. Enter all amounts on the form in U.S. dollars.
List each specified foreign corporation
On lines 1 through 15, enter the name of each specified foreign corporation in column (a) and its EIN or Reference ID Number in column (b); the form refers you to the instructions for the identifier.
Enter the cash position amounts
For each corporation, enter the cash position amounts from Schedule E, columns (b)(3), (c)(3) and (d)(3), in the cash position columns, which cover the last taxable year that ends before November 2, 2017 and the last taxable year beginning before January 1, 2018.
Enter the pro rata shares
In the pro rata share columns, (c), (e) and (g), enter the filer's pro rata share of the corresponding cash position amount for each corporation.
Total the table on line 16
On line 16, enter the total of lines 1 through 15 for each amount column. If you need more than 15 lines, add schedules as needed.
Enter column (g) total on line 17
On page 2, line 17, enter the total of column (g).
Average columns (c) and (e) on line 18
Combine the totals of columns (c) and (e) and divide by two, then enter the result on line 18.
Pick the larger amount for line 19
Line 19 is the Aggregate Foreign Cash Position. Enter the larger of the amount on line 17 or the amount on line 18.
Complete lines 20 and 21
Enter the Aggregate Foreign Cash Position taken into account on the 2017 tax return on line 20 and on the 2018 tax return on line 21.
Review, download and attach
Check each line and every total, then download or print the completed PDF from FillingPDF and attach it to Form 965.
How to submit Form 965 (Schedule D)
Schedule D (Form 965) is submitted as an attachment to Form 965; the schedule prints no filing channel, mailing address or portal of its own.
- With Form 965: attach the completed schedule, plus any additional schedules you need for more than 15 specified foreign corporations, to Form 965.
- Same channel as the return: send the package the way you submit Form 965. Where and how Form 965 is filed is covered in the IRS instructions at www.irs.gov/Form965, the address the form itself gives for instructions and the latest information.
Before you send it, check that the name of the person filing the return and the identifying number appear at the top of page 1 and that all amounts are in U.S. dollars. FillingPDF lets you fill out and download the PDF; submission follows the IRS channels that apply to Form 965.
Common mistakes to avoid
- Filing the schedule without attaching it to Form 965; the form states it is to be attached to Form 965.
- Entering amounts in a currency other than U.S. dollars; the form says to enter amounts in U.S. Dollars.
- Running out of the 15 lines on page 1 and cramming extra corporations in instead of adding schedules as needed.
- Leaving off the name of the person filing the return or the identifying number at the top of page 1.
- Entering the smaller amount on line 19; the form asks for the larger of line 17 or line 18.
- Entering the combined total of columns (c) and (e) on line 18 without dividing by two.
- Using line 17 for something other than the total of column (g).
- Leaving lines 20 and 21 blank when the aggregate foreign cash position was taken into account on the 2017 or 2018 tax return.
Frequently asked questions
What is Schedule D (Form 965)?
Schedule D (Form 965), U.S. Shareholder's Aggregate Foreign Cash Position, is an IRS schedule attached to Form 965. It lists specified foreign corporations with their cash positions and pro rata shares, and line 19 reports the aggregate foreign cash position.
Is Schedule D (Form 965) filed by itself?
No. The form says to attach it to Form 965, so it is submitted with that form. It has no separate address, portal or due date printed on it.
How is line 19 on Schedule D (Form 965) figured?
Line 19, the Aggregate Foreign Cash Position, is the larger of line 17 or line 18. Line 17 is the total of column (g), and line 18 combines the totals of columns (c) and (e) and divides by two.
What if I have more than 15 specified foreign corporations?
The table on page 1 has 15 lines, and the form says to add schedules as needed. Complete and attach additional schedules, and see the IRS instructions at www.irs.gov/Form965 for how to handle them.
Where do the column amounts come from?
The form tells you to enter the cash position amounts from Schedule E, columns (b)(3), (c)(3) and (d)(3). Complete those figures first, then carry them onto the matching columns of Schedule D.
Where can I find the instructions for Schedule D (Form 965)?
The IRS publishes the instructions and the latest information at www.irs.gov/Form965, the address printed on the form. The EIN or Reference ID Number column also refers you to those instructions.
Can I fill out Schedule D (Form 965) online?
Yes, you can fill out the PDF online on FillingPDF and download or print it. FillingPDF is an independent service and does not file the form with the IRS; you submit it with Form 965 through the IRS channels.
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