When do I need to file Form 8992 for GILTI, and what schedules are required?
My accountant says I need to file Form 8992 because I'm a U.S. shareholder of a CFC. But I'm confused about when this form is actually required. Is it only needed if I have a positive GILTI amount, or do I need to file it even if my GILTI calculation comes to zero? Also, which schedules of Form 5471 feed into Form 8992? I want to understand the paperwork before my tax return deadline.
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