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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 5471 Schedule I-1
for the current year.
IRS Form 5471 Schedule I-1 Information for Global Intangible Low-Taxed Income
What Is IRS Form 5471 Schedule I-1?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on December 1, 2018. The document is a supplement to IRS Form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations. As of today, no separate filing guidelines for the form are provided by the IRS.
FAQ
Q: What is IRS Form 5471 Schedule I-1?
A: IRS Form 5471 Schedule I-1 is a tax form used to provide information about Global Intangible Low-Taxed Income (GILTI).
Q: Who needs to file IRS Form 5471 Schedule I-1?
A: Individuals or entities who own a certain percentage of a specified foreign corporation and meet certain filing requirements need to file IRS Form 5471 Schedule I-1.
Q: What is Global Intangible Low-Taxed Income (GILTI)?
A: GILTI is a provision of the U.S. tax code that aims to tax certain income earned by controlled foreign corporations.
Q: What information is required on IRS Form 5471 Schedule I-1?
A: IRS Form 5471 Schedule I-1 requires information about the specified foreign corporation, including details of its income, deductions, and taxes.
Q: When is the deadline for filing IRS Form 5471 Schedule I-1?
A: The deadline for filing IRS Form 5471 Schedule I-1 is generally the same as the deadline for filing your U.S. tax return, including extensions.
Form Details:
- A 1-page form available for download in PDF;
- Actual and valid for filing 2023 taxes;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 5471 Schedule I-1 through the link below or browse more documents in our library of IRS Forms.
