What this notice is about
Your installment payment is due on your IRC Section 965 tax liability.
What you need to do
- Pay online specifying “IRC Section 965” when authorizing your payment.
- Make this IRC Section 965 payment separately from any other tax payments.
Frequently asked questions
Yes. You may be penalized for failure to pay and the full amount of your net tax liability may become due immediately.
No. We’ll apply it to the remaining net tax liability until it is paid in full. We can only refund or apply credit-elect payments or credits exceeding the full income tax liability.
Call the toll-free number listed on your notice to review your account with a representative. Have your account information available when you call.
Helpful information
How to calculate section 965 amounts and elections available to taxpayers PDF
Need help?
- You can authorize someone to represent you before the IRS or inspect and/or receive confidential tax information.
- You may be eligible for free help from the Taxpayer Advocate Service (TAS).
- See if you qualify for help from a Low Income Taxpayer Clinic.
- If you can’t find what you need online, call the telephone number on your notice or letter.