Identification
Name of the person filing Form 5471 and identifying number, name of the foreign corporation, EIN (if any) and reference ID number.
5471 Sch. I-1
Information for Global Intangible Low-Taxed Income
- Agency
- IRS
- Revision
- Rev. December 2021
- Fillable fields
- 35
- Pages
- 1
- Official source
- IRS form page
- Checked
- October 21, 2026
Schedule I-1 (Form 5471): Information for Global Intangible Low-Taxed Income
Schedule I-1 (Form 5471), Information for Global Intangible Low-Taxed Income, is a one-page schedule that the schedule itself says to attach to Form 5471. The IRS About Form 5471 page says the schedule is used to report information determined at the CFC level with respect to amounts used in the determination of income inclusions by U.S. shareholders. The same page says certain U.S. citizens and residents who are officers, directors or shareholders in certain foreign corporations file Form 5471 and schedules to satisfy the reporting requirements of sections 6038 and 6046.
The schedule identifies the person filing Form 5471 and the foreign corporation, asks for a separate category code, and has lines for gross income, exclusions, deductions, tested income or loss, tested foreign income taxes, qualified business asset investment (QBAI), tested interest expense and tested interest income. Amounts have columns headed Functional Currency, Conversion Rate and U.S. Dollars.
You can fill out Schedule I-1 free in your browser on this page and download the result without an account.
What's on Schedule I-1 (Form 5471)
Separate category and columns
A space for the separate category code, and amount columns headed Functional Currency, Conversion Rate and U.S. Dollars.
Lines 1 to 4: income and exclusions
Gross income, then exclusions for effectively connected income, subpart F income, high-tax exception income per section 954(b)(4), related party dividends and foreign oil and gas extraction income, the total, and gross income less exclusions.
Lines 5 to 8: tested income
Deductions properly allocable to line 4, tested income (loss), tested foreign income taxes, and qualified business asset investment (QBAI).
Line 9: tested interest expense
Interest expense included on line 5, qualified interest expense, tested loss QBAI amount, and tested interest expense on line 9d.
Line 10: tested interest income
Interest income included in line 4, qualified interest income, and tested interest income on line 10c.
How to fill out Schedule I-1 (Form 5471)
- 1
Identify the filer and corporation
Enter the name and identifying number of the person filing Form 5471, then the foreign corporation's name, its EIN if it has one, and its reference ID number. The schedule says to see the instructions for the reference ID number.
- 2
Separate category code
Enter the separate category code on the line provided. The schedule says to enter a code and see the instructions.
- 3
Lines 1 to 4
Enter gross income and each exclusion on lines 2a to 2e, combine the exclusions on line 3, and enter line 1 minus line 3 on line 4. The schedule says to see the instructions if cost of goods sold exceed gross receipts.
- 4
Lines 5 to 8
Enter deductions properly allocable to the amount on line 4, then line 4 minus line 5 on line 6 as tested income (loss). Enter tested foreign income taxes on line 7 and QBAI on line 8.
- 5
Lines 9 and 10
Line 9d is line 9a minus the sum of lines 9b and 9c. Line 10c is line 10a minus line 10b. For both, the schedule says if zero or less, enter -0-.
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Where it goes and instructions
Where to send it
The schedule says "Attach to Form 5471." It goes in with the Form 5471 it belongs to.
Deadline
The schedule prints no due date of its own. It is filed as part of Form 5471.
Instructions
The schedule says to go to www.irs.gov/Form5471 for instructions and the latest information. The About Form 5471 page lists separate Instructions for Schedule I-1 (Form 5471).
Revision
This page covers the Rev. December 2021 schedule linked from the IRS About Form 5471 page.
Related forms
5471
Information Return of U.S. Persons With Respect To Certain Foreign Corporations
437 fields, 6 pages
5471 Sch. E
Income, War Profits, and Excess Profits Taxes Paid or Accrued
400 fields, 3 pages
5471 Sch. H
Current Earnings and Profits
41 fields, 1 page
5471 Sch. J
Accumulated Earnings & Profits (E&P) of Controlled Foreign Corporation
282 fields, 3 pages
5471 Sch. Q
CFC Income by CFC Income Groups
691 fields, 4 pages
5471 Sch. R
Distributions From a Foreign Corporation
101 fields, 1 page
Who completes Schedule I-1 (Form 5471)?
The schedule is completed by the person filing Form 5471, whose name and identifying number go at the top, and it is attached to that Form 5471.
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Questions about Form 5471 Sch. I-1
What is Schedule I-1 (Form 5471)?
It is Information for Global Intangible Low-Taxed Income. The About Form 5471 page says it reports information determined at the CFC level used in the determination of income inclusions by U.S. shareholders.
Who completes Schedule I-1?
The person filing Form 5471, whose name and identifying number go at the top, for the foreign corporation named on the schedule.
Is Schedule I-1 filed by itself?
No. The schedule says to attach it to Form 5471.
What do the three amount columns mean?
The schedule has columns headed Functional Currency, Conversion Rate and U.S. Dollars for the line amounts.
Where are the instructions for Schedule I-1?
The schedule points to www.irs.gov/Form5471. The About Form 5471 page lists separate Instructions for Schedule I-1 (Form 5471).
What goes on line 9d or 10c if the result is negative?
The schedule says if zero or less, enter -0-.