Determine if You’re GILTI Using this Calculator

A Good First Step On Your Journey To GILTI Compliance Or Avoidance

In a blog post I wrote a few weeks ago, I talked about two new international tax provisions from the Tax Cuts and Jobs Act passed in late 2017: global intangible low-taxed income (GILTI) and foreign-derived intangible income (FDII). 

Since then, we’ve fielded a lot of comments and questions from taxpayers asking if they are subject to GILTI, and the analysis that needs to be done to compute its impact.

Freed Maxick’s International Tax Team huddled up and developed a very easy to use calculator that will help you begin to make this determination. In fact, all you need are two numbers from each Form 5471 that you can plug into our complimentary tool. 

While we strongly recommend that you talk to your tax advisor to get more insights and guidance, this tool represents a good first step on your journey. 

We’re also available for a consultation and review of your situation, without fee or obligation. Click on the button below to request a consultation, or contact Susan Steblein, CPA at (716) 847-2651.

For more insight, observations and guidance on the new Tax Cuts and Jobs Act, visit our Tax Reform webpage.