Form 966 (Rev. 10-2016)
distributed assets are valued at fair market value.
Exceptions to this rule apply to a liquidation of a
subsidiary and to a distribution that is made according to
a plan of reorganization.
A corporation that files a U.S. tax return must file Form
966 if required under section 6043(a). Foreign
corporations that are not required to file Form 1120-F,
U.S. Income Tax Return of a Foreign Corporation, or any
other U.S. tax return are generally not required to file
U.S. shareholders of foreign corporations may be
required to report information regarding a corporate
dissolution or liquidation. See Form 5471, Information
Return of U.S. Persons With Respect To Certain Foreign
Corporations, and its instructions for more information.
Include the suite, room, or other unit number after the
street address. If the post office does not deliver mail to
the street address and the corporation has a P.O. box,
enter the box number instead.
If the immediately preceding tax return was filed
electronically, enter “e-file” on line 5.
If the consolidated return was filed electronically, enter
“e-file” on line 7e.
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
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
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