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IRS Form 8892 U.S. Shareholder Calculation of Global Intangible Low-Taxed Income (Gilti)
What Is IRS Form 8892?
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, 2022. As of today, no separate filing guidelines for the form are provided by the IRS.
FAQ
Q: What is IRS Form 8892?
A: IRS Form 8892 is a form used by U.S. shareholders to calculate Global Intangible Low-Taxed Income (GILTI).
Q: Who uses IRS Form 8892?
A: U.S. shareholders use IRS Form 8892.
Q: What does IRS Form 8892 calculate?
A: IRS Form 8892 calculates Global Intangible Low-Taxed Income (GILTI).
Q: What is Global Intangible Low-Taxed Income (GILTI)?
A: GILTI refers to the income earned by a U.S. shareholder from controlled foreign corporations that exceed a certain threshold.
Q: Is IRS Form 8892 required for all U.S. shareholders?
A: No, IRS Form 8892 is only required for U.S. shareholders who have Global Intangible Low-Taxed Income (GILTI).
Q: Are there any penalties for not filing IRS Form 8892?
A: Yes, there can be penalties for not filing IRS Form 8892 or for providing inaccurate or incomplete information.
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 8892 through the link below or browse more documents in our library of IRS Forms.
