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Form 8992: U.S. Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI)
IRS Form 8992 is the U.S. Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI). This form calculates GILTI for U.S. shareholders, and if a consolidated group is involved, it summarizes amounts on Part I, line 3.
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IRS Form 8992 - U.S. Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI)
IRS Form 8992 is the U.S. Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI). This form calculates GILTI for U.S. shareholders, and if a consolidated group is involved, it summarizes amounts on Part I, line 3.
Risk Radar
Scan points- 1Ensure the reference ID number on Form 5471 matches the one used on Schedule A or Schedule B for each CFC.
- 2Failing to complete Schedule A columns (a) through (f) before filling out Part I lines 1-3 for non-consolidated filers.
- 3Not completing Part II if the amount on Form 8992, Part I, line 3 is zero or negative.
- 4Entering 'APPLIED FOR' instead of an actual EIN in Schedule A column (b) for a CFC.
- 5Using a different reference ID number for a CFC on Form 5471 versus Schedule A/B.
Plain English
This form helps calculate the amount of income earned by a U.S. shareholder that is considered 'Low-Taxed Income' (GILTI). The calculation determines this specific taxable income for shareholders, especially when they are part of a larger business group. If the shareholder belongs to a consolidated group, Form 8992 summarizes these amounts.
Submission Date
- Filing date: 2025-01-15 22:10:36
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when a U.S. shareholder owns stock in a Controlled Foreign Corporation (CFC) and is required to include Global Intangible Low-Taxed Income (GILTI) in gross income under section 951A.
- Do not use Form 8992 when you are a domestic partnership, unless the source implies otherwise for your specific situation.
- Check Schedule K-2 (Form 1065), Part VI, instead when you are a domestic partnership.
Form selector
Use this form or another form?
U.S. Shareholder is NOT part of a U.S. consolidated group
To determine the GILTI amounts to enter on Form 8992
✓ Verify that you use Schedule A, not Schedule B.
U.S. Shareholder IS part of a U.S. consolidated group
To determine the GILTI amounts to enter on Form 8992
✓ Ensure you complete and file Schedule B with the consolidated return.
Domestic Partnership is filing
To report GILTI inclusion instead of using Form 8992 itself
✓ Confirm you are not required to file the main Form 8992.
Complete Schedule K-2 (Form 1065), Part VI, and Schedule K-3 (Form 1065), Part VI
Deadline or filing window
The instructions specify using the December 2022 revisions of Form 8992, meaning the filing should align with that period's requirements. The source does not state a specific due date (e.g., April 15th), but guidance is available on IRS.gov/Form8992.
Checklist
What you need before filling it out
Purpose
Section 951A inclusion calculation · Form 8992 main body
Filer Requirement
U.S. shareholder owning stock in a CFC · Instructions p.1
Non-Consolidated Filer Use
Schedule A (Form 8992) · Form 8992 instructions
Consolidated Filer Use
Schedule B (Form 8992) · Form 8992 instructions
Domestic Partnership Filing Rule
Complete Schedule K-2/K-3 (Form 1065) · Instructions p.1
Penalty Application
Failure to report required information · Sections 6038(b) and (c)
Before you submit
- 1Confirm the Form 8992 revision date reads December 2024.
- 2Verify that you used Schedule A (Form 8992) if you are not part of a U.S. consolidated group.
- 3Verify that you used Schedule B (Form 8992) if you are a member of a U.S. consolidated group.
- 4Ensure the form is attached to your income tax return by the due date (or extension).
- 5If part of a consolidated group, ensure Schedule B (Form 8992) is attached along with one consolidated Form 8992.
- 6Confirm that if you are an S corporation electing entity treatment, you attach this form to your Form 1120-S.
- 7Check for any specific required approval letter if using a computer-generated version.
How to file this form
- 1Determine the correct schedule: If not in a consolidated group, complete Schedule A (Form 8992) to find amounts. | Complete Form 8992.
- 2If in a U.S. consolidated group, complete Schedule B (Form 8992) to find amounts. | Complete Form 8992.
- 3Attach the completed Form 8992 and its corresponding schedule (A or B) to your income tax return. | File with the due date of that return.
- 4If part of a consolidated group, attach Schedule B (Form 8992) and one consolidated Form 8992 to the U.S. consolidated group's income tax return. | File with the due date of that return.
Known limitations
- 1Domestic partnerships are no longer required to complete Form 8992 or Schedule A (Form 8992); they must instead complete Schedule K-2 (Form 1065), Part VI, and Schedule K-3 (Form 1065), Part VI.
- 2An S corporation that elected entity treatment and is a U.S. shareholder of a CFC must attach Form 8992 and Schedule A (Form 8992) to its Form 1120-S by the due date (including extensions).
- 3If a U.S. shareholder is required to file Schedule A (Form 8992) or Schedule B (Form 8992), the reference ID number on Form 5471 and the reference ID used on Schedule A (Form 8992) or Schedule B (Form 8992) for that CFC must match.
- 4If a domestic partnership is involved, it does not complete Form 8992; this exception applies to partnerships in general.
Field map
Compact field-by-field guide
Entity Info
1 items
Name and taxpayer ID of the entity claiming the credit.
Credit Info
1 items
Type of credit or incentive being claimed.
Calculation
2 items
The base amount used to calculate the credit.
Calculated credit amount after applying formulas and limitations.
Certification
1 items
Detailed breakdown supporting the credit calculation.
Signatures
1 items
Sign and date the form.
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Fillable formOpen in Editor->The current edition is Form 8992, revised in December 2024. Instructions direct filers to review IRS.gov/Form8992 for the latest information regarding this form.
What changed or needs a fresh check
- Edition date — confirm the revision date reads December 2024.
- Catalog Number — confirm the form is Catalog Number 71351C.
- Filing deadline (General) — attach and file by the due date (including extensions) for your income tax return.
- Consolidated filing requirement — if part of a consolidated group, file with the U.S. consolidated group's return.
Quick Facts
Downloads
After you file
- 1Keep a copy of the completed Form 8992 and any attached schedules for record-keeping.
- 2If filing as part of a consolidated group, confirm that the amounts on Part I, lines 1, 2, and 3 correctly reflect the totals from Schedule B (Form 8992), Part I, columns (g) and (h).
- 3For CFCs reported on Schedule A (Form 8992), ensure the EIN entered in column (b) is correct; if no EIN exists, a unique reference ID number must be used.
- 4If required to file Schedule B (Form 8992), verify that the total for Part I, column (h) either equals or exceeds the line 1 total for Part I, column (g); this dictates how the rest of Form 8992 is completed.
Sources
- SRCInstructions p.1 — The official title is U.S. Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI).
- SRCInstructions p.1 — A U.S. shareholder must use Form 8992 to calculate the amount of GILTI inclusion required under section 951A.
- SRCInstructions p.3 — If a CFC has an EIN, it must be entered in column (b) on Schedule A (Form 8992); do not enter 'APPLIED FOR'.
- SRCInstructions p.4 — When completing Schedule B (Form 8992), Part I, if the line 1 total for column (h) equals or exceeds the line 1 total for column (g), you proceed to step 3.
- SRCInstructions p.1 — Domestic partnerships must complete Schedule K-2 (Form 1065), Part VI, and Schedule K-3 (Form 1065), Part VI instead of Form 8992/Schedule A.
- SRCInstructions p.4 — If Schedule B (Form 8992), line 1, column (h) is less than the line 1 total for column (g), you complete a consolidated Form 8992 by entering amounts into Part I, lines 1 and 2.
- SRCInstructions p.3 — The reference ID number used on Schedule A (Form 8992) or Schedule B (Form 8992) must match the one on Form 5471 for that CFC.
- SRCInstructions p.1 — If eligible for a deduction under section 250, refer to Form 8993 instructions.
Common confusion points
What do domestic partnerships file instead of Form 8992?
They must complete Schedule K-2 (Form 1065), Part VI, and Schedule K-3 (Form 1065), Part VI.
→ Check the General Instructions section.
When should an S corporation that elected entity treatment use Form 8992?
It must complete Form 8992 and attach it to its Form 1120-S by the due date (including extensions).
→ Verify this requirement under 'S corporations that elected entity treatment' on Instructions p.1.
What happens if Schedule B (Form 8992), line 1, column (h) is less than column (g)?
The consolidated Form 8992 is completed by entering the amounts from Schedule B into Part I, lines 1 and 2 of Form 8992, Part I.
→ Confirm this condition under 'Steps necessary to complete Schedule B (Form 8992) and Form 8992' on Instructions p.4.
What must be entered in column (b) for a CFC that lacks an EIN?
A reference ID number that uniquely identifies the CFC must be entered; do not use 'FOREIGNUS'.
→ Check instructions regarding column (b) on Instructions p.3.
If you are eligible for a deduction under section 250, what should you refer to?
Form 8993, Section 250 Deduction for Foreign-Derived Intangible Income (FDII) and Global Intangible Low-Taxed Income (GILTI).
→ See the 'Reminders' section on Instructions p.1.
How do you determine if you need to complete Schedule A (Form 8992)?
U.S. shareholders who own stock in a CFC are required to include GILTI in gross income under section 951A, requiring the use of Form 8992 and generally Schedule A (Form 8992).
→ Refer to the 'Purpose of Form' section on Instructions p.1.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 5471 | Used to ensure consistency of the reference ID number required for CFCs listed on Form 8992.
Questions about IRS Form 8992
What is IRS Form 8992 used for?
This form helps calculate the amount of income earned by a U.S. shareholder that is considered 'Low-Taxed Income' (GILTI). The calculation determines this specific taxable income for shareholders, especially when they are part of a larger business group. If the shareholder belongs to a consolidated group, Form 8992 summarizes these amounts.
Who must file IRS Form 8992?
A U.S. Shareholder must file IRS Form 8992; if that shareholder is a member of a U.S. consolidated group, they follow specific steps for completion.
What information does IRS Form 8992 require?
The form collects information regarding the calculation of GILTI through Part I and details specific amounts in Part II. Schedule A (Form 8992) provides detail on Controlled Foreign Corporations (CFCs), while Schedule B (Form 8992) tracks consolidated group totals.
When is IRS Form 8992 due?
The source does not state a specific filing deadline, but the instructions reference using the December 2022 revisions of Form 8992 and its schedules.
How do I complete IRS Form 8992?
For a non-consolidated group U.S. shareholder, first complete Schedule A (Form 8992) columns (a) through (f), then use that data to fill out Part I lines 1 through 3 of Form 8992. If line 3 is greater than zero, proceed to complete Schedule A columns (g) through (l) and Part II.
What happens if IRS Form 8992 is filed incorrectly?
The instructions do not specify penalties for incorrect filing, but failure to complete the form properly means the GILTI calculation will be inaccurate, impacting the shareholder's tax liability.
What do domestic partnerships file instead of Form 8992?
They must complete Schedule K-2 (Form 1065), Part VI, and Schedule K-3 (Form 1065), Part VI. Check the General Instructions section.
When should an S corporation that elected entity treatment use Form 8992?
It must complete Form 8992 and attach it to its Form 1120-S by the due date (including extensions). Verify this requirement under 'S corporations that elected entity treatment' on Instructions p.1.
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