U.S. GILTI Anti-Deferral Rules and Tax Compliance: Reporting Issues, Navigating Forms 5471, 8992, 8993, and 1118
A live 90-minute premium CLE/CPE video webinar with interactive Q&A
This CLE/CPE course will provide tax professionals with an in-depth discussion of the challenges posed to U.S. businesses that must report their global intangible low-taxed income (GILTI). The panel will discuss how GILTI is calculated and key tax GILTI reporting issues involving IRS Forms 5471, 8992, 8993, and 1118.
Outline
- Determining if a U.S. business is subject to the GILTI rules
- Steps in determining a U.S. business' GILTI
- Reporting GILTI on:
- Form 5471
- Form 8992
- Form 8993
- Form 1118
Benefits
The panel will review these and other key issues:
- Determining whether a taxpayer is subject to GILTI tax under Section 951A
- Calculating GILTI on CFC income
- Navigating tax reporting issues on Forms 5471, 8992, 8993, and 1118
- Recognizing the reporting requirements and possible credits or deductions
- Impact of final Section 250 regulations
- Strategies to defer or minimize the GILTI tax
Faculty
Michael Dana
Partner
Husch Blackwell
Mr. Dana provides tax and corporate law advice to businesses at all phases of operation, from initial business... | Read More
Mr. Dana provides tax and corporate law advice to businesses at all phases of operation, from initial business formation to disposition and all points in between. He advises clients across virtually all areas of operation regarding U.S. federal income tax issues. Mr. Dana has represented U.S.-based, foreign-based, and multinational enterprises, providing advice in connection with acquisitions, distribution structures, and internal reorganizations, including complex crossborder transactions; U.S. Subpart F income and GILTI planning and analysis; foreign tax credit planning and analysis; tax treaty analysis, and other matters related to outbound and inbound U.S. tax planning. His representations have included business structures, operations, and investments by US clients in, or by non-US clients from, Europe, Canada, Latin America and a number of other jurisdictions outside of the U.S. He also works with closely held businesses and their owners to develop and implement tax strategies that protect and enhance corporate value.
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Renan Rodriguez
Associate
Husch Blackwell
Mr. Rodriguez advises businesses on tax and corporate law matters throughout their entire lifecycle, from initial... | Read More
Mr. Rodriguez advises businesses on tax and corporate law matters throughout their entire lifecycle, from initial formation to eventual disposition, and everything in between. Additionally, he has focused on representing clients with respect to U.S. federal tax audits, IRS administrative appeals and litigation. Mr. Rodriguez has represented U.S.-based, foreign-based, and multinational enterprises and private equity firms, providing advice in connection with mergers and acquisitions, distribution structures, and internal reorganizations, including complex border transactions; U.S. Subpart F income and GILTI planning analysis; tax treaty analysis; and other matters related to outbound and inbound U.S. tax planning. He has represented U.S. clients investing in or structuring business operations in Latin America, Europe, Canada, and various other jurisdictions outside the U.S., as well as non-U.S. clients investing in the U.S. Additionally, Mr. Rodriguez collaborates with closely held businesses and their owners to create and implement tax strategies that safeguard and maximize corporate value.
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Cannot Attend January 14?
You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.