Navigating GILTI Income: A Tax Planning Guide скачать в хорошем качестве

Navigating GILTI Income: A Tax Planning Guide

In this video podcast, tax attorney Anthony Diosdi delves into GITLI income, which is income received from controlled foreign corporations. He explains the tax implications for both individual and corporate shareholders, highlighting the differences in tax rates and deductions available. Anthony Diosdi discusses various planning strategies for individual shareholders to minimize tax consequences, including contributing shares to a domestic C corporation and making a Section 962 election. The conversation also covers the benefits of utilizing partnerships for tax efficiency and emphasizes the importance of modeling and early planning in tax strategies. Takeaways: -GITLI income is derived from controlled foreign corporations. -Tax treatment differs significantly between individual and corporate shareholders. -Corporate shareholders benefit from lower effective tax rates due to deductions. -Contributing shares to a domestic C corporation can optimize tax outcomes. -A Section 962 election allows individuals to be taxed as corporations. -Using partnerships can provide full foreign tax credits and simplify tax compliance. -Modeling tax implications is essential for effective planning. -Early planning is crucial to minimize tax liabilities. -Compliance costs can be significantly reduced with simpler structures. -This discussion serves as informational and does not establish an attorney-client relationship. Chapters: 00:00 Tax Counsel with Anthony Diosdi 00:17 Introduction to GILTI Planning 05:30 Taxation for Foreign Corporate Shareholders and Planning Opportunities 13:30 Contributing Shares to Partnerships: A Planning Option 18:04 sftaxcounsel.com Connect: Website: https://sftaxcounsel.com/ LinkedIn:   / anthony-v-diosdi   Subscribe to Channel:    / @taxcounselwithanthonydiosdi   Disclaimer: The information provided in this video podcast is for general educational purposes only and does not constitute legal or tax advice. Please consult with a licensed attorney in your jurisdiction regarding any legal matter or before making any decisions based on the information presented here. Watching this video or listening to this podcast does not create an attorney-client relationship between you and Anthony Diosdi. Use of this information is at your own risk. #GILTI #taxplanning #foreigntaxcredits #corporatetax #internationaltax #irs #tax #taxattorney