Cross-Border Corporate
GILTI & Subpart F Planning
Global Intangible Low-Taxed Income (Form 8992)
- Sanzione
- Substantial understatement penalties (20% to 40%) plus interest on deferred liabilities.
- Scadenza
- Filed with annual Form 1040/1120 corporate or individual return.
- Chi deve presentare
- U.S. shareholders of Controlled Foreign Corporations (CFCs) with net CFC tested income exceeding the 10% deemed tangible income return (QBAI).
- Termine di prescrizione
- Indefinitely open if accompanying Form 5471 is missing.
- Parti e annessi chiave
- Form 8992 Schedule A · IRC §962 Election Statement · IRC §250 Deduction Statement
Dove falliscono le dichiarazioni
- Failing to elect Section 962 for individual shareholders, leading to up to 37% tax without FTCs
- Inaccurate calculation of Qualified Business Asset Investment (QBAI)
Come lo gestiamo
- 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
Prossimo passo
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