Form 5471 Schedule I‑1 is a supplemental attachment to the IRS Form 5471 series. It is used to report Global Intangible Low‑Taxed Income (GILTI) and related foreign oil and gas extraction income for U.S. shareholders of controlled foreign corporations.
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Schedule I‑1 captures detailed information on:
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U.S. shareholders of controlled foreign corporations who have GILTI or foreign oil and gas extraction income must attach Schedule I‑1 to their Form 5471 filing.
Yes. The IRS provides a fillable PDF (Rev. December 2021) which can be completed online using Formize’s PDF filler.
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GILTI stands for Global Intangible Low‑Taxed Income. It is a category of income that U.S. shareholders must report to prevent tax deferral on foreign earnings.
Only if the IRS specifically requests additional detail for the items reported on lines 2a‑2e. Otherwise, the schedule itself is sufficient.
Amend the original return by filing Form 1040X and attach a corrected Schedule I‑1. Include an explanation of the changes.
Schedule I‑1 is due with the taxpayer’s Form 5471, which is attached to the individual’s annual tax return (typically April 15, with extensions as applicable).
Form 5471 Schedule I-1 — это одна из налоговых форм, которые представляют собой документы, используемые для предоставления информации, связанной с налогами, в соответствующий налоговый орган. Существуют различные типы налоговых форм, в том числе федеральные, государственные и местные налоговые формы, которые могут различаться в зависимости от обстоятельств и местонахождения налогоплательщика.
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