U.S. GILTI Anti-Deferral Rules and Tax Compliance: Reporting Issues, Navigating Forms 5471, 8992, 8993, and 1118
Recording of a 90-minute premium CLE/CPE webinar with Q&A
This CLE/CPE webinar will provide tax professionals with an in-depth discussion of the challenges posed to U.S. businesses that must report their global low taxed intangible income (GILTI). The panelist will discuss how GILTI is calculated and key tax GILTI reporting issues involving IRS Forms 5471, 8992, 8993 and 1118.
Outline
- Determining if a U.S. business is subject to the GILTI rules
- Steps in determining a U.S. business' GILTI
- Reporting GILTI on:
- Form 5471
- Forms 8992
- Form 8993
- Form 1118
Benefits
The panelist will review these and other key issues:
- Determining whether a taxpayer is subject to GILTI tax under Section 951A
- Calculating GILTI on CFC income
- Navigating tax reporting issues on Forms 5471, 8992, 8993, and 1118
- Recognizing the reporting requirements and possible credits or deductions
- Impact of final Section 250 regulations
- Strategies to defer or minimize the GILTI tax
Faculty

Khiem Ting
Senior Manager / Director
KPMG
Mr. Ting provides US international tax services to a broad range of clients including US and foreign multinational... | Read More
Mr. Ting provides US international tax services to a broad range of clients including US and foreign multinational corporations, private equity firms and other alternative investment funds. He has thirteen years of Big Four accounting firm experience in practicing US international tax. Mr. Ting also has in-house tax experience. Before embarking on a career in public accounting, he served as MasterCard’s International Tax Director. His tax practice covers all areas of US international tax including: US anti-deferral rules (Subpart F, GILTI and PFICs);Cross-border transactions and restructurings; Tax treaties; Cash repatriations; and Foreign tax credits.
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