Form 966 (Rev. 10-2016)
Page 2
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.
Foreign Corporations
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
Form 966.
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.
Address
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.
Line 5
If the immediately preceding tax return was filed
electronically, enter “e-file” on line 5.
Line 7e
If the consolidated return was filed electronically, enter
“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.
Paperwork Reduction Act Notice
We ask for the information on this form to carry out the
Internal Revenue laws of the United States. You are
required to give us the information. We need it to ensure
that you are complying with these laws and to allow us to
figure and collect the right amount of tax.
You are not required to provide the information
requested on a form that is subject to the Paperwork
Reduction Act unless the form displays a valid OMB
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instructions must be retained as long as their contents
may become material in the administration of any Internal
Revenue law. Generally, tax returns and return
information are confidential, as required by section 6103.
The time needed to complete and file this form will vary
depending on individual circumstances. The estimated
burden for business taxpayers filing this form is approved
under OMB control number 1545-0123 and is included in
the estimates shown in the instructions for their business
income tax return.
If you have comments concerning the accuracy of
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Or you can write to the Internal Revenue Service, Tax
Forms and Publications, 1111 Constitution Ave. NW,
IR-6526, Washington, DC 20224. Do not send the tax
form to this address. Instead, see Where To File, earlier.