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IRS Form 5471
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Form 5471 Webinar Series: Global Intangible Low-Taxed Income

Portrait of Phil Hodgen

Phil Hodgen

Attorney, Principal


Global Intangible Low-Taxed Income can be considered active business income of a controlled foreign corporation. The calculation rules are almost comically baroque in their complexity. In this session, we will explore how this type of income is calculated and how it is reported on the US shareholder's income tax return.