Get Irs Instructions 8992 2022-2026

Filling out IRS Form 8992 is essential for U.S. shareholders to calculate their Global Intangible Low-Taxed Income (GILTI) inclusion amount. This guide provides step-by-step instructions to help users of all experience levels complete the form accurately and efficiently online.

Follow the steps to complete IRS Instructions 8992 online.

1. Click ‘Get Form’ button to access the IRS Form 8992. This will allow you to open the form in your preferred document editor for online completion.
2. Begin by entering your identifying information in the required fields, including the taxpayer's name and identification number, if applicable.
3. If you are not part of a U.S. consolidated group, fill out Part I using Schedule A (Form 8992) to report your pro rata shares of amounts for each Controlled Foreign Corporation (CFC). Follow the specific instructions for each line.
4. Complete Part II to calculate your GILTI inclusion amount. Carefully follow the instructions specific to this part, particularly if you need to reference amounts from Schedule A.
5. If you are a member of a U.S. consolidated group, complete Schedule B (Form 8992) by entering information for every member of the group that owns interests in CFCs.
6. After completing all necessary sections, ensure all calculations are checked for accuracy. Save any changes made to the document.
7. Finally, download the completed form, print it, or share it as required based on your filing needs.

Complete your IRS Form 8992 online today to ensure compliance with your tax obligations.