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February 3, 2024
Question

Why did irc951a pop out under special condition

  • February 3, 2024
  • 1 reply
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1 reply

DaveF1006
February 7, 2024

It depends. This is generated if you are a shareholder of a foreign corporation.  if so, you must include in gross income Global Intangible Low-Taxed Income (GILTI). Please read this IRS link for further clarification.

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