Page 58 - Large Business IRS Training Guides

Recap

Step 1:
Determine whether taxpayer is an Applicable

Taxpayer

A. Determine whether
taxpayer is a corporation (other
than a
RIC, REIT, or S Corp)

B. Determine taxpayer's
aggregate group
gross receipts
C. Determine aggregate group's

D. Determine aggregate group's
base erosion
percentage

taxpayer is subject to the bank
E. Determine whether
registered securities dealer rules
or

F. If an Applicable Taxpayer, perform the calculations
on the following pages

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