Page 597 - Large Business IRS Training Guides

Lesson Objectives

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you will be able to:
At the end of this lesson,

US shareholders and controlled foreign
• Identify

corporations (“CFCs”);

GILTI regime;
• Describe the new

• Apply the new GILTI
rules;

• Describe the FTC
implications for GILTI;

• Compare and contrast
the GILTI and subpart F regimes;

• Identify
relevant forms; and

• Identify
taxpayer planning strategies and key takeaways.

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