Every month, a new international tax topic. Join the Hodgen Law team live—fresh insights, straight from the source. This month, we’ll explore Form 5471 and the section 962 election.

The Section 962 election allows U.S. individual shareholders of controlled foreign corporations (CFCs) to be taxed as if they were U.S. corporations on certain types of income, such as Subpart F and Global Intangible Low-Taxed Income (GILTI). By making this election, individuals can benefit from the lower corporate tax rate and may claim indirect foreign tax credits, potentially reducing their overall U.S. tax liability. This election is particularly relevant for those filing Form 5471, as it impacts how income from foreign corporations is reported and taxed.

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Formerly named International Tax Lunch Series July 2025