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pdf8992
Form
(Rev. December 2020)
Department of the Treasury
Internal Revenue Service
U.S. Shareholder Calculation of Global Intangible
Low-Taxed Income (GILTI)
▶
OMB No. 1545-0123
Attachment
Sequence No. 992
Go to www.irs.gov/Form8992 for instructions and the latest information.
Name of person filing this return
A Identifying number
Name of U.S. shareholder
B Identifying number
Part I
1
2
3
Net Controlled Foreign Corporation (CFC) Tested Income
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Sum of Pro Rata Share of Net Tested Income
If the U.S. shareholder is not a member of a U.S. consolidated group, enter the total
from Form 8992, Schedule A, line 1, column (e).
If the U.S. shareholder is a member of a U.S. consolidated group, enter the amount
from Schedule B (Form 8992), Part II, column (c), that pertains to the U.S. shareholder.
Sum of Pro Rata Share of Net Tested Loss
If the U.S. shareholder is not a member of a U.S. consolidated group, enter the total
from Form 8992, Schedule A, line 1, column (f).
If the U.S. shareholder is a member of a U.S. consolidated group, enter the amount
from Schedule B (Form 8992), Part II, column (f), that pertains to the U.S. shareholder.
Net CFC Tested Income. Combine lines 1 and 2. If zero or less, stop here . . . .
Part II
Calculation of Global Intangible Low-Taxed Income (GILTI)
1
2
Net CFC Tested Income. Enter amount from Part I, line 3 . . . . . . . . . .
Deemed Tangible Income Return (DTIR)
If the U.S. shareholder is not a member of a U.S. consolidated group, multiply the
total from Form 8992, Schedule A, line 1, column (g), by 10% (0.10).
If the U.S. shareholder is a member of a U.S. consolidated group, enter the amount
from Schedule B (Form 8992), Part II, column (i), that pertains to the U.S. shareholder.
3a Sum of Pro Rata Share of Tested Interest Expense
If the U.S. shareholder is not a member of a U.S. consolidated
group, enter the total from Form 8992, Schedule A, line 1, column (j).
. . . .
3a
If the U.S. shareholder is a member of a U.S. consolidated
group, leave line 3a blank.
b Sum of Pro Rata Share of Tested Interest Income
If the U.S. shareholder is not a member of a U.S. consolidated
. . . .
3b
group, enter the total from Form 8992, Schedule A, line 1, column (i).
If the U.S. shareholder is a member of a U.S. consolidated
group, leave line 3b blank.
c Specified Interest Expense
If the U.S. shareholder is not a member of a U.S. consolidated group, subtract line
3b from line 3a. If zero or less, enter -0-.
If the U.S. shareholder is a member of a U.S. consolidated group, enter the amount
from Schedule B (Form 8992), Part II, column (m), that pertains to the U.S. shareholder.
4
Net DTIR. Subtract line 3c from line 2. If zero or less, enter -0- . . . . . . . .
5
GILTI. Subtract line 4 from line 1 . . . . . . . . . . . . . . . . . .
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For Paperwork Reduction Act Notice, see separate instructions.
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Cat. No. 37816Y
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Form 8992 (Rev. 12-2020)
Page 2
Form 8992 (Rev. 12-2020)
Schedule A Schedule A for U.S. Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI)
Name of person filing this form
A Identifying number
Name of U.S. shareholder
B Identifying number
GILTI Allocated to
Tested Income CFCs
(see instructions)
Calculations for Net Tested Income
(see instructions)
(a)
Name of CFC
(b)
EIN or
Reference ID
(c)
Tested Income
(d)
Tested Loss
(e)
Pro Rata Share
of
Tested Income
(f)
Pro Rata Share
of
Tested Loss
(g)
Pro Rata Share
of
Qualified
Business Asset
Investment
(QBAI)
(h)
Pro Rata Share
of
Tested Loss
QBAI Amount
(i)
Pro Rata Share
of
Tested Interest
Income
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1. Totals (see instructions) . .
Totals on line 1 should include the totals from any continuation sheets.
(j)
Pro Rata Share
of
Tested Interest
Expense
(k)
GILTI
Allocation
Ratio
(Divide
Col. (e) by
Col. (e),
Line 1
Total)
(l)
GILTI Allocated
to Tested
Income CFCs
(Multiply Form
8992, Part II,
Line 5, by
Col. (k))
Form 8992 (Rev. 12-2020)
Page 3
Form 8992 (Rev. 12-2020)
Schedule A—Continuation Sheet. Use only if you need additional space.
Name of person filing this form
A Identifying number
Name of U.S. shareholder
B Identifying number
GILTI Allocated to
Tested Income CFCs
(see instructions)
Calculations for Net Tested Income
(see instructions)
(a)
Name of CFC
(b)
EIN or
Reference ID
(c)
Tested Income
(d)
Tested Loss
(e)
Pro Rata Share
of
Tested Income
(f)
Pro Rata Share
of
Tested Loss
(g)
Pro Rata Share
of
Qualified
Business Asset
Investment
(QBAI)
(h)
Pro Rata Share
of
Tested Loss
QBAI Amount
(i)
Pro Rata Share
of
Tested Interest
Income
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1. Totals (see instructions) . .
Totals of columns (c) through (l) should be included on line 1 Totals on page 2.
(j)
Pro Rata Share
of
Tested Interest
Expense
(k)
GILTI
Allocation
Ratio
(Divide
Col. (e) by
Col. (e),
Line 1
Total)
(l)
GILTI Allocated
to Tested
Income CFCs
(Multiply Form
8992, Part II,
Line 5, by
Col. (k))
Form 8992 (Rev. 12-2020)
Page 4
Form 8992 (Rev. 12-2020)
Schedule A—Continuation Sheet. Use only if you need additional space.
Name of person filing this form
A Identifying number
Name of U.S. shareholder
B Identifying number
GILTI Allocated to
Tested Income CFCs
(see instructions)
Calculations for Net Tested Income
(see instructions)
(a)
Name of CFC
(b)
EIN or
Reference ID
(c)
Tested Income
(d)
Tested Loss
(e)
Pro Rata Share
of
Tested Income
(f)
Pro Rata Share
of
Tested Loss
(g)
Pro Rata Share
of
Qualified
Business Asset
Investment
(QBAI)
(h)
Pro Rata Share
of
Tested Loss
QBAI Amount
(i)
Pro Rata Share
of
Tested Interest
Income
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1. Totals (see instructions) . .
Totals of columns (c) through (l) should be included on line 1 Totals on page 2.
(j)
Pro Rata Share
of
Tested Interest
Expense
(k)
GILTI
Allocation
Ratio
(Divide
Col. (e) by
Col. (e),
Line 1
Total)
(l)
GILTI Allocated
to Tested
Income CFCs
(Multiply Form
8992, Part II,
Line 5, by
Col. (k))
Form 8992 (Rev. 12-2020)
| File Type | application/pdf |
| File Title | Form 8992 (Rev. December 2020) |
| Subject | U.S. Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI) |
| Author | SE:W:CAR:MP |
| File Modified | 2020-11-23 |
| File Created | 2020-11-23 |