--- title: Final Regulations on Transition Tax (Sec. 965) Immediate Action May be Required! description: "S Corp shareholders who elected to defer your Transition Tax: You may be subject to a January 31, 2019 deadline to complete certain elections or filings." image: https://info.mooredm.com/hubfs/MSDM%20LI%20post%20-%20transition%20tax.png --- [![Moore_Doeren Mayhew_Logo_RGB_500px](https://info.mooredm.com/hs-fs/hubfs/Moore_Doeren%20Mayhew_Logo_RGB_500px.png?width=550&height=60&name=Moore_Doeren%20Mayhew_Logo_RGB_500px.png "Moore_Doeren Mayhew_Logo_RGB_500px")](https://www.mooredm.com) - [ABOUT](https://www.mooredm.com/about) - [SERVICES](https://www.mooredm.com/services) - [INDUSTRIES](https://www.mooredm.com/industries) - [LOCATIONS](https://www.mooredm.com/locations) - [PEOPLE](https://www.mooredm.com/people) - [RESOURCES](https://www.mooredm.com/publications) - [GLOBALVIEW](https://info.mooredm.com/blog) ![MSDM Blog Image.jpg](https://info.mooredm.com/hs-fs/hubfs/MSDM%20Blog%20Image.jpg?width=2272&height=1320&name=MSDM%20Blog%20Image.jpg "MSDM Blog Image.jpg") January 24, 2019 # Final Regulations on Transition Tax (Sec. 965) Immediate Action May be Required! ![topicIcon](http://www.sparkreaction.com/hubfs/Oceania%20Theme%202016/Images/topicIcon.png) [Transition Tax](https://info.mooredm.com/blog/topic/transition-tax) [![MSDM LI post - transition tax](https://info.mooredm.com/hubfs/MSDM%20LI%20post%20-%20transition%20tax.png)](https://info.mooredm.com/blog/final-regulations-on-transition-tax) Even though the IRS is shut down as part of the current US government shut down, Treasury has issued final regulations on the Transition Tax (even though the document did not have a TD number because of the shut down!). Probably the most important issue relates to a new due date (**January 31, 2019**) for certain elections or filings that should have been previously filed (often within 30 days of a triggering or acceleration event). S Corporation shareholders who elected to defer their Transition Tax and then had a triggering event may want to elect to pay the liability over an 8-year period. However, if it was a triggering event that involved the liquidation, sale, exchange or other disposition of substantially all of the assets of the S Corporation, a cessation of the S Corporation business or the S corporation ceased to exist, they only had 30 days to make this election under the proposed regulations. If this was not done timely (or has not yet been filed), you have until January 31, 2019 to complete the procedures. This extension also applies to transfer agreements where the liability for the Transition Tax is to be transferred to the purchaser of the S Corporation. Moore Stephens Doeren Mayhew is ready to assist you. Please [contact us](https://info.mooredm.com/contact-us) today. ![James-Miesowicz-cpa](https://info.mooredm.com/hs-fs/hubfs/James-Miesowicz-1.jpg?width=100&name=James-Miesowicz-1.jpg) ![](https://info.mooredm.com/hs-fs/hubfs/James-Miesowicz.jpg?height=100&name=James-Miesowicz.jpg) Written by [James J. Miesowicz, CPA](https://info.mooredm.com/blog/author/james-j-miesowicz-cpa) SHARE THIS ARTICLE | [NEXT POST](https://info.mooredm.com/blog/audit-opinions-how-do-your-financial-statements-measure-up) ## Get this information delivered straight to your mailbox. [![Subscribe to Our Newsletter](https://no-cache.hubspot.com/cta/default/2333341/72851b22-0bc4-4f0a-8f1a-ef88b5ca3304.png)](https://cta-redirect.hubspot.com/cta/redirect/2333341/72851b22-0bc4-4f0a-8f1a-ef88b5ca3304) ### Recent Posts #### About Us Moore Doeren Mayhew assists privately-controlled businesses—and the families who own them—in building and preserving wealth by providing privileged access to specialists, knowledge, and the highest quality personal service. Our firm combines a breadth of international audit, assurance, tax and consulting services with local market knowledge and international strength. [Learn More](http://www.mooredm.com) #### More Links - [\[fa icon="caret-right"\] Home](http://www.moorestephensdm.com/) - [\[fa icon="caret-right"\] About Us](http://www.moorestephensdm.com/about) - [\[fa icon="caret-right"\] Contact Us](https://info.mooredm.com/contact-mooredm) #### Contact Us \[fa icon="phone"\]  +1 (248) 244-3060 \[fa icon="envelope"\]  [mdm@mooredm.com](mailto:mdm@mooredm.com) \[fa icon="home"\]  305 West Big Beaver Road, Troy Michigan 48084-0231 [Linkedin](https://www.linkedin.com/company/10492787) [Twitter](https://twitter.com/moore__dm) Copyright 2026 \[fa icon="chevron-up"\]Back to top Cookie Settings