SCHEDULE B 

(Form 5713) 

(Rev. September 2018) 

Department of the Treasury 

Internal Revenue Service 

Specifically Attributable Taxes 

and Income (Section 999(c)(2)) 

▶ Complete only if you are not computing a loss of tax benefits

using the international boycott factor on Schedule A (Form 5713). 

▶ Attach to Form 5713. ▶ See instructions on page 2. 

▶ Go to www.irs.gov/forms-pubs/about-schedule-b-form-5713 for the latest information.

OMB No. 1545-0216 

Name Identifying number 

Name of country being boycotted (check one) Israel Other (identify) ▶

Important: If you are involved in more than one international boycott, use a separate Schedule B (Form 5713) to compute the 

specifically attributable taxes and income for each boycott. 

Specifically Attributable Taxes and Income by Operation (Use a separate line for each operation.) 

Principal business activity Foreign tax credit Subpart F income IC-DISC income FSC income 

Name of country 

 

(1) 

Code 

 

(2) 

Description 

 

(3) 

Foreign taxes 

attributable to 

boycott operations 

 

(4) 

Prorated share of 

international 

boycott income 

 

(5) 

Taxable income 

attributable to 

boycott operations 

 

(6) 

Taxable income 

attributable to 

boycott operations 

 

(7) 

a 

b 

c 

d 

e 

f 

g 

h 

i 

j 

k 

l 

m 

n 

o Total . . . . . . . . . . . . . . . . . . ▶

For Paperwork Reduction Act Notice, see the Instructions for Form 5713. Cat. No. 12060S Schedule B (Form 5713) (Rev. 9-2018) 
Schedule B (Form 5713) (Rev. 9-2018) Page 2 

Future Developments

For the latest information about 

developments related to Schedule B 

(Form 5713) and its instructions, such 

as legislation enacted after they were 

published, go to www.irs.gov/formspubs/about-schedule-b-form-5713.

General Instructions 

Section references are to the Internal 

Revenue Code unless otherwise noted. 

Who Must File 

Complete Schedule B (Form 5713) if: 

• You participated in or cooperated 

with an international boycott, and 

• You figure the loss of tax benefits by 

specifically attributing taxes and 

income. 

If you do not specifically attribute 

taxes and income for this purpose, 

you must compute the international 

boycott factor on Schedule A (Form 

5713). 

Do not use Schedule B (Form 5713) 

to figure the reduction to foreign trade 

income qualifying for the 

extraterritorial income exclusion. 

Instead, use Schedule A (Form 5713). 

Certain shareholders. IC-DISC 

benefits, certain FSC benefits, the 

“deemed paid” foreign tax credit under 

section 902 (with respect to dividends 

paid in pre-2018 tax years of foreign 

corporations) and section 960, and the 

deferral of subpart F income are lost at 

the shareholder level. Shareholders in 

an IC-DISC, certain FSCs, or a foreign

corporation must report their prorated

share of the tax benefits denied. The

denial of these benefits is discussed in

the specific instructions for columns

(4) through (7). 

Boycott Operations 

All of your operations in a boycotting 

country are considered to be boycott 

operations, unless you rebut the 

presumption of participation in or 

cooperation with the boycott (as 

explained below). In addition, your 

operations that are not in a boycotting 

country are boycott operations if they 

are connected to your participation in 

or cooperation with the boycott. 

Rebutting the presumption of 

boycott participation or 

cooperation. One act of participation 

or cooperation creates the 

presumption that you participate in or 

cooperate with the boycott unless you 

rebut the presumption. The 

presumption applies to all of your 

operations and those of each member 

of any controlled groups (defined in 

section 993(a)(3)) to which you belong,

in each country that helps carry out 

the boycott. 

You can rebut the presumption of 

participation in or cooperation with a 

boycott for a particular operation by 

demonstrating that the operation is 

separate from any participation in or 

cooperation with an international 

boycott. The presumption applies only 

to operations in countries that carry 

out the boycott. Therefore, you do not 

need to rebut the presumption for 

operations that are related to those 

countries if the operations take place 

outside of those countries. 

Specific Instructions 

File Schedule B (Form 5713) for the 

period covered by your income tax 

return. Report only your own taxes 

and income; do not include the taxes 

and income of other members of any 

controlled groups to which you 

belong. 

Columns (1) Through (7) 

In completing columns (1) through (7), 

show all specifically identifiable taxes 

and income in each appropriate 

column from one operation on one 

line. 

Column (1). Enter the name of the 

country that requires participation in or 

cooperation with an international 

boycott as a condition of doing 

business in that country. The country 

named in column (1) is not necessarily 

the country where you have 

operations. For example, if you have 

operations in Country Z that is not a 

boycotting country and the operation 

relates to Country X that is a 

boycotting country, enter the name of 

Country X in column (1). See the 

Instructions for Form 5713 for a list of 

boycotting countries. 

Column (2). Enter the principal 

business activity code of the boycott 

operation from the list in the 

Instructions for Form 5713. 

Column (3). Briefly describe the 

principal business activity of the 

boycott operation. For IC-DISCs, enter 

the major product code and 

description in parentheses. See the 

Instructions for Schedule N of Form 

1120-IC-DISC for a list of the codes. 

Column (4). Enter the foreign taxes 

paid, accrued, or deemed paid that 

are attributable to the boycott 

operation. These taxes are not eligible 

for the foreign tax credit. Omit foreign 

taxes otherwise disallowed under 

sections 901 through 907, 911, and 

6038. For more information, see Part N 

of the Treasury Department’s 

International Boycott Guidelines. 

Enter the column (4) total on 

Schedule C (Form 5713), line 2b.

Column (5). Enter your prorated share 

of the controlled foreign corporation’s 

income that is attributable to the 

boycott operation. (This includes your 

share of the nonexempt income of an 

FSC. See section 923(a)(2), as in effect 

before its repeal.) This amount is not 

eligible for tax deferral. Omit the 

foreign corporation’s income 

attributable to earnings and profits 

that are included in gross income 

under section 951 (except by reason 

of section 952(a)(3)). Also omit 

amounts excluded from subpart F 

income by section 952(b). In figuring 

the amount to enter in column (5), you 

are allowed a reasonable amount for 

deductions (including foreign taxes) 

allocable to that income. 

Enter the column (5) total on 

Schedule C (Form 5713), line 3b.

Column (6). An IC-DISC’s taxable 

income attributable to boycott 

participation or cooperation is not 

eligible for deferral. 

If you are a shareholder in an ICDISC, follow these steps for each 

boycott operation and enter the result 

in column (6). 

1. Determine the portion of the 

amount on Form 1120-IC-DISC, 

Schedule J, Part I, line 7, that is 

attributable to the boycott operation. 

2. Subtract that amount from the 

IC-DISC’s taxable income attributable 

to the boycott operation for the tax 

year, before reduction for any 

distributions. 

3. If you are a C corporation, 

determine your pro rata share of the 

remainder and multiply that amount by 

16/17. If you are not a C corporation, 

determine your pro rata share of the 

remainder. 

4. Enter the result in column (6). 

Enter the column (6) total on 

Schedule C (Form 5713), line 4b.

Column (7). An FSC’s taxable income 

attributable to boycott participation or 

cooperation is not eligible for 

exemption from income tax. Enter in 

column (7) the taxable income 

attributable to foreign trade income of 

an FSC for each boycott operation 

that would have been exempt had 

there not been boycott participation or

cooperation. 

Enter the column (7) total on 

Schedule C (Form 5713), line 5b.