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 Schedule J Form 2017

2017-2025 Form

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Instructions and help about Schedule J Form

okay for this video we're going to cover the schedule i1 as part of the form 5471 and the i1 is used to report uh information on guilty right so global and tangible low tax income now the schedule i1 should be completed in cases even where you're not going to have any guilty income if you meet the certain category of filer so we go back to our faq pattern and our table here as part of our slides uh required information we're working with schedule i1 right so separate schedule i1 this should be included even if there's going to be zeros for cat 4 cat 5a 5b or 5c filers okay so if we look at the form here again remember in our example john q taxpayer he's basically almost all of the category filers so we're definitely including it for him now the way this schedule works is you report the gross income at the top and then you have to back out kind of any exclusions that might apply so remember guilty's only been around since about 201

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