Quién debe presentar — GILTI & Subpart F Planning?

U.S. shareholders of Controlled Foreign Corporations (CFCs) with net CFC tested income exceeding the 10% deemed tangible income return (QBAI).

Sanción — GILTI & Subpart F Planning?

Substantial understatement penalties (20% to 40%) plus interest on deferred liabilities.

Filed with annual Form 1040/1120 corporate or individual return.

Cross-Border Corporate

Global Intangible Low-Taxed Income (Form 8992)

Sanción: Substantial understatement penalties (20% to 40%) plus interest on deferred liabilities.
Plazo: Filed with annual Form 1040/1120 corporate or individual return.
Quién debe presentar: U.S. shareholders of Controlled Foreign Corporations (CFCs) with net CFC tested income exceeding the 10% deemed tangible income return (QBAI).
Plazo de prescripción: Indefinitely open if accompanying Form 5471 is missing.
Partes y anexos clave: Form 8992 Schedule A · IRC §962 Election Statement · IRC §250 Deduction Statement

Failing to elect Section 962 for individual shareholders, leading to up to 37% tax without FTCs
Inaccurate calculation of Qualified Business Asset Investment (QBAI)

IRC §962 election execution to access corporate 10.5% effective tax rate and Section 960 indirect tax credits
Holding company restructuring to optimize high-tax exception rules under Treas. Reg. §1.951A-2

Siguiente paso

Describa su situación en tres líneas. Trazamos el mapa de declaraciones antes de empezar.