If the corporation receives a Form 972 from a nonresident alien or other foreign shareholder, it must pay any withholding tax it would have withheld if the dividend had been actually paid.
Who files: Form 973 is filed by a corporation claiming a consent dividend deduction under section 565.
Form 972: for each shareholder who agreed to treat the consent dividend as a taxable dividend, attach the signed Form 972 or an unsigned one with the same information.
Unsigned Form 972: if the corporation submits an unsigned Form 972, it must retain the original, signed Form 972 in its records.
Withholding forms: use Form 1042, Form 1042-S and Form 1042-T to report and send the tax withheld.
| Question | Answer |
|---|---|
| Form Name | Form 973 |
| Form Length | 2 pages |
| Fillable? | Yes |
| Fillable fields | 88 |
| Avg. time to fill out | 15 min |
| Edition | 11-2016 |
| Issuing agency | Department of the Treasury, Internal Revenue Service |
| Where to file | Attached to the corporation's income tax return |
| Matches the agency's file | Yes, checked October 9, 2026 |
| Other names | Form 973, IRS Form 973, 973 form, Form 973 PDF, Corporation Claim for Deduction for Consent Dividends, consent dividends |
| Official source | Form 973 (Rev 11-2016), Department of the Treasury, Internal Revenue Service |
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