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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) used by U.S. shareholders of controlled foreign corporations to report GILTI amounts. If line 3 exceeds zero, Schedule A columns g‑l must be completed.
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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) used by U.S. shareholders of controlled foreign corporations to report GILTI amounts. If line 3 exceeds zero, Schedule A columns g‑l must be completed.
Risk Radar
Scan points- 1Do not complete Part II when line 3 is zero or negative.
- 2Entering “APPLIED FOR” instead of an EIN in Schedule A column (b) when the CFC has an EIN.
- 3Using “FOREIGNUS” instead of a reference ID number for a CFC without an EIN.
- 4Counting a CFC’s amounts more than once in Schedule B totals for columns (e) and (f).
- 5Completing Part II of Form 8992 when line 3 is zero or negative.
Plain English
Form 8992 tells the IRS how much GILTI a U.S. shareholder must include from its foreign subsidiaries. It gathers details for each CFC and, for consolidated groups, totals across all shareholders. The form is filed together with the taxpayer’s income‑tax return.
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 you are a U.S. shareholder of a controlled foreign corporation (CFC) that must include GILTI in gross income.
- Do not use it when you are a domestic partnership, which files Schedule K‑2 and K‑3 of Form 1065 instead.
- Check Form 8993 instead when you are eligible for a section 250 deduction for your GILTI inclusion.
Form selector
Use this form or another form?
Domestic partnership with CFC ownership
Domestic partnerships are not required to file Form 8992; they report on Schedule K‑2/K‑3
✓ Confirm partnership status and that Schedule K‑2 is attached to Form 1065
S corporation shareholder of a CFC
Form 8992 and Schedule A must be attached to the S corporation’s tax return
✓ Verify election under Proposed Regulations section 1.958‑1(e) and that Schedule A is included
U.S. shareholder not in a consolidated group
Schedule A provides amounts to enter on Form 8992 for non‑consolidated filers
✓ Ensure Schedule A totals are accurate before transferring to Form 8992
Deadline or filing window
Not stated in the official source
Checklist
What you need before filling it out
Column (b) EIN of CFC
EIN or reference ID number · Schedule A (Form 8992) or Schedule B (Form 8992)
Column (c) Tested income
Amount of tested income · Schedule A (Form 8992) or Schedule B (Form 8992)
Line 1 totals for Part I columns (g) and (h)
Totals for columns (g) and (h) · Schedule B (Form 8992)
Eligibility for section 250 deduction
Form 8993 · Form 8993 instructions (referenced in Instructions p.1)
Reference ID number consistency with Form 5471
Reference ID number on Form 5471 · Form 5471, item 1b(2) (referenced in Instructions p.3)
Before you submit
- 1Confirm the revision date on the form reads 12/2024.
- 2Verify you are a U.S. shareholder of a CFC.
- 3Determine whether to use Schedule A or Schedule B based on consolidated group status.
- 4Enter each CFC’s EIN or a unique reference ID number in column (b) (do not use “APPLIED FOR” or “FOREIGNUS”).
- 5Enter the tested income amount accurately in column (c).
- 6Compare totals for Part I columns (g) and (h) and stop completing Schedule B if column (h) ≥ column (g).
- 7Attach Form 8992 and the appropriate schedule to the relevant tax return (e.g., Form 1120‑S for eligible S corporations).
- 8Review IRS.gov/Form8992 for any latest guidance before filing.
- 9Sign the form where required.
How to file this form
- 1Gather CFC information and calculate tested income.
- 2Complete the appropriate schedule (A or B) with required columns.
- 3Transfer schedule totals to the corresponding lines on Form 8992.
- 4Attach the completed schedule to Form 8992.
- 5Include Form 8992 with the applicable tax return (e.g., Form 1120‑S).
- 6Mail or e‑file the return to the IRS.
- 7Retain a copy of the filed Form 8992 and schedules for your records.
Known limitations
- 1Does not apply to domestic partnerships, which must use Schedule K‑2 and K‑3 of Form 1065 (Instructions p.1).
- 2Does not apply to entities that are not U.S. shareholders of a CFC (Purpose of Form section).
- 3Does not apply when the GILTI inclusion amount is zero; no reporting on Form 8992 is required.
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.
Almost done reviewing the fields?
Fillable formOpen in Editor->The form is the Rev. December 2024 edition; the instructions direct filers to check IRS.gov/Form8992 for the latest information and note clarifications to Schedule B parts.
What changed or needs a fresh check
- Edition date — confirm the revision reads Dec 2024 (Instructions p.1).
- Fee — Not stated in the official source
- Mailing address — Not stated in the official source
- Signature — Not stated in the official source
Quick Facts
Downloads
After you file
- 1Keep a copy of the filed Form 8992 and attached schedules for at least seven years.
- 2Retain supporting documentation for CFC calculations and reference ID numbers.
- 3Expect an IRS acknowledgment if e‑filed, or a mailed receipt if paper‑filed.
- 4If an error is discovered, file an amended return with a corrected Form 8992.
- 5Monitor IRS.gov/Form8992 for any post‑filing updates.
- 6Store reference ID numbers consistently for future filings.
Sources
- SRCInstructions p.1 — Form 8992 calculates GILTI inclusion for U.S. shareholders of CFCs.
- SRCInstructions p.1 — Domestic partnerships are no longer required to complete Form 8992.
- SRCInstructions p.1 — S corporations that elected entity treatment must complete Form 8992 and attach to Form 1120‑S.
- SRCInstructions p.1 — For section 250 deduction, see Form 8993.
- SRCInstructions p.2 — If completing Schedule B, see steps later in the instructions.
- SRCInstructions p.3 — Do not enter “APPLIED FOR” or “FOREIGNUS” in column (b); use EIN or reference ID.
- SRCInstructions p.4 — If column (h) total >= column (g) total, stop completing Schedule B.
- SRCInstructions p.1 — Use Schedule A for non‑consolidated shareholders; Schedule B for consolidated group members.
- SRCInstructions p.1 — Latest information page is IRS.gov/Form8992.
Common confusion points
Do I put ‘APPLIED FOR’ in column (b)?
The instructions prohibit using ‘APPLIED FOR’; you must use an actual EIN or reference ID.
→ Enter the actual EIN or a unique reference ID number.
Should I use Schedule A or Schedule B?
The required schedule depends on whether you are in a consolidated group.
→ Check your consolidated group status and select the appropriate schedule.
When do I stop completing Schedule B?
If the total for column (h) equals or exceeds column (g), you must stop.
→ Compare the totals and cease further entries per Instructions p.4.
Do domestic partnerships file Form 8992?
The source states domestic partnerships are no longer required to file Form 8992.
→ Confirm partnership status and use Schedule K‑2/K‑3 of Form 1065 instead.
Is the section 250 deduction reported on Form 8992?
The deduction is reported on Form 8993, not Form 8992.
→ Refer to Form 8993 for the section 250 deduction.
What if the CFC has no EIN?
The instructions require a reference ID number, not ‘FOREIGNUS’.
→ Provide a unique reference ID consistent with Form 5471.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 8833 — file for exceptions from reporting requirements.
Questions about IRS Form 8992
What is IRS Form 8992 used for?
Form 8992 tells the IRS how much GILTI a U.S. shareholder must include from its foreign subsidiaries. It gathers details for each CFC and, for consolidated groups, totals across all shareholders. The form is filed together with the taxpayer’s income‑tax return.
Who must file IRS Form 8992?
U.S. shareholders of a controlled foreign corporation, including corporate, individual, and S‑corporation shareholders, must file Form 8992.
What information does IRS Form 8992 require?
The form collects each CFC’s identification (EIN or reference ID), tested income, and other calculations on Schedule A, and aggregates totals for consolidated groups on Schedule B. Part I lines 1‑3 report the overall GILTI inclusion.
How do I complete IRS Form 8992?
First complete Schedule A columns (a)‑(f) for each CFC, then calculate Form 8992 Part I lines 1‑3. If line 3 is greater than zero, fill Schedule A columns (g)‑(l). If the shareholder belongs to a consolidated group, also prepare Schedule B as instructed, then include Form 8992 and the schedules with the tax return. The return must be signed before filing.
Do I put ‘APPLIED FOR’ in column (b)?
The instructions prohibit using ‘APPLIED FOR’; you must use an actual EIN or reference ID. Enter the actual EIN or a unique reference ID number.
Should I use Schedule A or Schedule B?
The required schedule depends on whether you are in a consolidated group. Check your consolidated group status and select the appropriate schedule.
When do I stop completing Schedule B?
If the total for column (h) equals or exceeds column (g), you must stop. Compare the totals and cease further entries per Instructions p.4.
Do domestic partnerships file Form 8992?
The source states domestic partnerships are no longer required to file Form 8992. Confirm partnership status and use Schedule K‑2/K‑3 of Form 1065 instead.
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