Corporate taxpayers can deduct global intangible low-taxed income (GILTI) on their Kentucky income tax return GILTI, according to Kentucky guidance. The guidance covers how Kentucky requires corporate income taxpayers to report GILTI. What Is GILTI? The Tax Cuts and Jobs Act (TCJA) added IRC §250 and IRC §951A–provisions that cover GILTI. IRC §951A requires U.S. […]
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