Page 596 - Large Business IRS Training Guides

Lesson Description

Intangible Low-
This lesson will explain what Global

Taxed Income (“GILTI”) is. t will also teach agents

I

how to identify US shareholders and CFCs,

compute a US shareholder’s GILTI inclusion,
and

implications, if any.
describe the foreign tax credit t
I
covers similarities and differences between subpart

F income and GILTI.

are not to be used or cited as precedent. They may not be
These materials
complete or final, as they
are intended to be general training materials designed
to introduce IRS personnel
to TCJA-related topics and have been simplified for

that purpose.

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