Anyone with net transitional tax debt (with assets such as partnerships and companies S) could, pursuant to Section 965 (h), pay this obligation from the year of registration in eight annuities, provided that the choice of the insured was not excluded by the appearance of a multiple trigger event (see below). The remaining staggered payments amount to 15%, 20% and 25% respectively.17 Interest does not apply to the outstanding balance of the transitional tax debt18. 19 Q8: Do Company S and an assignee of the underlying S shares (if any) remain jointly responsible for the payment of my net tax debt under Section 965 (i) after making a section 965 (h) choice to pay such liability in eight annual tranches? Given that many events may result in the involuntary termination of the selection of a subject in order to defer payment of their liability under Section 965, taxpayers who have made such a choice should work closely with their advisors to determine whether their activity has led to an acceleration or triggering of the event. Although the acceleration or triggering event is an event for which relief is available, the final regulation sets out many additional requirements regarding the form and content of the transportation contract, which subjects should carefully review to ensure that they maintain, if possible, their deferral of the transitional tax. An exception to this rule applies when the acceleration event is a covered acceleration, as defined in Regs. Paragraph 1.965-7 (b) (3) (iii) (A) (A) and a legitimate ceding under paragraph 965 (h) and a legitimate transmission pursuant to Article 965 (h) (as defined in Regs). Paragraph 1.965-7 (b) (3) (iii) (B) (1)) enter into a transfer agreement with the IRS. The IRS stresses that the approval agreement must be submitted by shareholder S and not by Company S, since the taxpayer concerned is the shareholder (Q-A-Nr.