BarbriSFCourseDetails
  • videocam Live Webinar with Live Q&A
  • calendar_month May 18, 2026 @ 1:00 p.m. ET./10:00 a.m. PT
  • signal_cellular_alt Intermediate
  • card_travel Tax Preparer
  • schedule 110 minutes

GILTI/NCTI Reporting After OBBBA: Forms 5471, 8992, 8993, 1118; Examples of Common GILTI Scenarios

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About the Course

Introduction

This webinar will walk tax practitioners through the GILTI reporting requirements and preparation of Forms 8992, 8993, 1118, and 5471. Our astute panel of international reporting experts will present common GILTI scenarios and review the new NCTI (Net CFC Tested Income) regime introduced by the One Big Beautiful Bill Act (OBBBA).

Description

GILTI taxation ended on Dec. 31, 2025, and is replaced by NCTI taxation. Still, international tax professionals must report 2025 income under GILTI rules and prepare for the upcoming reporting changes under NCTI. Generally speaking, the effective tax rate for foreign earnings of U.S. shareholders under GILTI is 10.5%. This rate increases to 12.6% under NCTI. The increase is due in part to the reduction of the Section 250 deduction for net CFC income from 50% (GILTI) to 40% (NCTI). 

Changes made by the OBBBA will affect the preparation of international reporting forms, including Forms 5471, 8992, 8993, and 1118. The GILTI/NCTI taxation reporting regimes are complex. Tax professionals who grasp the requirements often struggle to meet the intricate reporting requirements.

Listen as our panel of international taxation experts demonstrates how to calculate and report GILTI and discusses key calculation changes made by the OBBBA.

Presented By

Maria Chiarino, CPA
International Tax, Senior Manager
Grant Thornton Advisors, LLC

Ms. Chiarino is a seasoned international tax practitioner with deep experience advising clients within the firm’s International Tax Services practice. She partners with multinational organizations to design and implement tax efficient operating models that align with their business objectives and optimize their global tax posture. Ms. Chiarino has a particular passion for uncovering planning opportunities that arise from the interplay between U.S. and foreign tax regimes. A significant portion of her work focuses on supporting asset management clients with complex cross border investment structures and guiding them through intricate U.S. international reporting requirements.

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Daniel J. Neumeyer, JD, LLM
Tax Manager
CliftonLarsonAllen

Mr. Neumeyer focuses his practice on international tax issues. In particular, he helps lead CLA’s delinquent international filing practice. Mr. Neumeyer works with clients who have missed international informational reporting requirements and helps mitigate penalty risk by submitting delinquent returns through IRS voluntary disclosure programs. He also works extensively with multinational businesses by helping navigate their international compliance obligations.

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Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Monday, May 18, 2026

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

I. GILTI and NCTI: introduction

II. Key differences between GILTI and NCTI

III. Calculations

IV. Comprehensive examples

A. Form 5471

B. Form 8992

C. Form 8993

D. Form 1118

E. Other forms and reporting requirements

V. Considerations for upcoming reporting changes

VI. Best practices

The panel will review these and other critical issues:

  • Following the reporting of GILTI through the numerous required forms
  • How to calculate tested income under the GILTI and NCTI taxation regimes
  • Completing Form 5471 Schedule I-1 and Schedule A of Form 8992
  • Calculating and reporting the Section 250 deductions for GILTI and NCTI 

Learning Objectives

After completing this course, you will be able to:

  • Identify key changes to the international tax reporting regime under the OBBBA
  • Determine how to calculate tested income, QBAI, and DTIR under NCTI vs. GILTI
  • Recognize deductions provided under IRC 250 for GILTI and NCTI
  • Verify that Forms 8992, 8993, and 1118 are correctly completed; categorize foreign income into required categories on Form 5471, Schedule J


  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of international taxation including residency determination, foreign entity classifications, application of treaty benefits, as well as GILTI, Subpart F, and the related Section 250 deductions.

BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .