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pdfSCHEDULE B
(Form 8992)
(December 2020)
Department of the Treasury
Internal Revenue Service
Calculation of Global Intangible Low‐Taxed Income (GILTI) for Members of a
U.S. Consolidated Group Who Are U.S. Shareholders of a CFC
OMB No. 1545-0123
▶ Go to www.irs.gov/Form8992 for instructions and the latest information.
Important: See instructions before completing this Schedule B.
Employer identification number
Name of U.S. parent corporation
Part I
CFC‐Level Reporting of Amounts From Schedule I‐1 (Form 5471) and U.S. Shareholder-Level Reporting of CFC Items
(a)
Name of CFC
(b)
EIN or
Reference ID
(c)
Name of U.S. Shareholder
1. Totals (see instructions) . . . . . . . . . . . . . . . . . . . . .
Important: See Computer‐Generated Schedule B in the Instructions for Form 8992.
For Paperwork Reduction Act Notice, see the Instructions for Form 8992.
(d)
EIN
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(e)
Tested Income
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Cat. No. 74520J
(f)
Tested Loss
(g)
Pro Rata Share
of Tested Income
(h)
Pro Rata Share
of Tested Loss
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Schedule B (Form 8992) (12-2020)
Page 2
Schedule B (Form 8992) (12-2020)
Part I
CFC‐Level Reporting of Amounts From Schedule I‐1 (Form 5471) and U.S. Shareholder-Level Reporting of CFC Items (continued)
GILTI Allocated to Tested Income CFCs
(see instructions)
(i)
Pro Rata Share
of QBAI
1. Totals (see instructions) .
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(j)
Pro Rata Share of
Tested Loss
QBAI Amount
(k)
Tested Interest
Expense
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(l)
Pro Rata Share of
Tested Interest
Expense
(m)
Tested Interest
Income
(n)
Pro Rata Share of
Tested Interest
Income
(o)
(p)
GILTI Allocation Ratio GILTI Allocated to
(see instructions)
Tested Income CFCs
(see instructions)
Schedule B (Form 8992) (12-2020)
Page 3
Schedule B (Form 8992) (12-2020)
Part II
U.S. Shareholder‐Level Calculations
(a)
Name of U.S. Shareholder
2. Totals (see instructions) .
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(b)
EIN
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(c)
Aggregate Tested
Income
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(d)
GILTI Allocation Ratio
(e)
Aggregate Tested
Loss
(f)
Allocable Share
of Consolidated
Tested Loss
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Schedule B (Form 8992) (12-2020)
Page 4
Schedule B (Form 8992) (12-2020)
Part II
U.S. Shareholder‐Level Calculations (continued)
(g)
Consolidated QBAI
2. Totals (see instructions) .
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(h)
Allocable Share of
Consolidated QBAI
(I)
Deemed Tangible
Income Return (DTIR)
(j)
Consolidated Tested
Interest Expense
(k)
Consolidated Tested
Interest Income
(l)
Consolidated Specified
Interest Expense
(m)
Allocable Share of
Consolidated Specified
Interest Expense
.
Schedule B (Form 8992) (12-2020)
| File Type | application/pdf |
| File Title | Schedule B (Form 8992) (December 2020) |
| Subject | Calculation of Global Intangible Low‐Taxed Income (GILTI) for Members of a U.S. Consolidated Group Who Are U.S. Shareholders of |
| Author | SE:W:CAR:MP |
| File Modified | 2020-11-24 |
| File Created | 2020-11-24 |