Form 973 Corporation Claim for Deduction for Consent Dividends

Form 973 Corporation Claim for Deduction for Consent Dividends

Share

Form 973 Corporation Claim for Deduction for Consent Dividends

 

INSTRUCTIONS: CORPORATION CLAIM FOR DEDUCTION FOR CONSENT DIVIDENDS (Form 973)

 

 

Federal form 973 should be filed by corporations claiming a consent dividend deduction under section 565 if they reasonably believe they are subject to the accumulated earnings tax. This document can be obtained from the website of the Internal Revenue Service.

 

Corporation Claim For Deduction For Consent Dividends 973 Step 1: Enter the beginning and ending dates of your fiscal year if not filing on a calendar year basis.

 

Corporation Claim For Deduction For Consent Dividends 973 Step 2: Enter the name of your corporation.

 

Corporation Claim For Deduction For Consent Dividends 973 Step 3: Enter your employer identification number.

 

Corporation Claim For Deduction For Consent Dividends 973 Step 4: In the first column of the table provided, enter the class of stock in question.

 

Corporation Claim For Deduction For Consent Dividends 973 Step 5: In the second column, enter the number of shares outstanding on the first day of the tax year.

 

Corporation Claim For Deduction For Consent Dividends 973 Step 6: In the third column, enter the number of shares outstanding on the final day of the tax year.

 

Corporation Claim For Deduction For Consent Dividends 973 Step 7: In the fourth column, provide a description of the dividend rights.

 

Corporation Claim For Deduction For Consent Dividends 973 Step 8: In the fifth column, enter the actual distributions per share made during the tax year. 

 

Corporation Claim For Deduction For Consent Dividends 973 Step 9: If a distribution was not made on all shares of any class, describe any unequal treatment in the next section.

 

Corporation Claim For Deduction For Consent Dividends 973 Step 10: In the next section, provide a written description of any other changes in outstanding stock during the tax year. If there is not sufficient space, attach additional sheets as necessary.

 

Corporation Claim For Deduction For Consent Dividends 973 Step 11: In the first section on the second page, if any stock outstanding on the last day of the tax year is entitled to cumulative dividends, write the amounts for earlier years unpaid at the beginning of the tax year. If there is not sufficient space provided, attach additional sheets as necessary.

 

Corporation Claim For Deduction For Consent Dividends 973 Step 12: Attach this form to your corporate tax return for the tax year in question.

 


Download the PDF file .

Comments

comments

Share

Related Articles