Rev. December 2022
This document provides instructions for completing Schedule B of Form 8992, which is used to calculate Global Intangible Low-Taxed Income (GILTI) for members of a U.S. consolidated group who are U.S. shareholders of a Controlled Foreign Corporation (CFC). The document includes instructions on reporting amounts from Schedule I-1 (Form 5471) and CFC items. The form consists of three parts: Part I reports CFC-level information and allocates GILTI to tested income CFCs, Part II calculates U.S. shareholder levels, and Part III calculates net income or loss from the CFC. The document also includes important notices for paperwork reduction act and instructions for computer-generated schedules.
Form 8992 Schedule B is one of Tax forms that are documents used to report information related to taxes to the relevant tax authority. There are various types of tax forms, including federal, state, and local tax forms, which can vary depending on the taxpayer's circumstances and location.
The easiest way to fill Form 8992 Schedule B online
Delete filling session
Delete editing session
