Andrew Mitchel LLC


Certain High Thresholds


Rule Criterion Threshold Authority
OECD Pillar One Revenue €20 billion
Form 4626, CAMT Pre-tax net income $1 billion 59(k)(1)(B)(i), 56A
Form 8975, Country-by-Country Report Revenue $850 million 1.6038-4(h)
OECD Pillar Two Revenue €750 million Model Rules, Article 1.1
Form 8991, BEAT Gross receipts $500 million 59A(e)(1)(B)
Covered debt instruments Debt instruments $50 million 1.385-3(c)(4)
Small business taxpayer Gross receipts $30 million 448(c), Rev. Proc. 2023-34, §3.31
Form 1120, Schedule M-3 Assets $10 million Instructions to form
Form 1120, Schedule UTP Assets $10 million Instructions to form
Gain on transfer to a foreign partnership Built-in gain $1 million 1.721(c)-2(c)
Form 7208, Repurchase of corporate stock Value of repurchase $1 million 4501(e)(3)