US Taxes
What does IRS stand for?
Internal Revenue Service
Which form is GILTI reported on?
Form 8992
What needs to be finalized before we can complete the foreign tax returns?
statutory financials
What are the Q1 tax team goals?
Long-term tax strategy, Tax efficient M&A, Global indirect tax strategy, Digital transformation, Global Mobility tax policy, Tax operations
What financial reporting form is filed quarterly with SEC by public companies?
Form 10-Q
What is the name of the tax proposal currently proposed by Democrats?
BBB - Build back better
What are examples of base erosion payments?
outbound payment
Of the jurisdiction that we file in, which has the longest period between year end and the extended tax return due date?
Austria For FYE Jan 22, the due date for filing CIT return is 31 March 2024.
What are the Company's Core Values?
Fanatical about the customer, Relentless focus on innovation, & Limitless passion creates unlimited potential
What is the maximum amount of days after year-end should the 10K be filed (large accelerated filers)?
60 days
Are indirect taxes considered an income tax?
No, it's above the line
Name one exception to GILTI income
ECI, Subpart F income, high-tax, related party dividends, foreign oil & gas extraction etc.
Of all the jurisdictions that we operate in, which jurisdiction has the highest tax rate and the lowest tax rate?
Japan - 36.54% for FY22
UAE - 0%
What jurisdiction is the most recently incorporated entity in?
Brazil in March
True or False: VA assessments are an annual requirement
FALSE
What type of indirect taxes do we collect from our customers and pay to the govt on US invoices?
WHT
What two strategies were evaluated by CRWD to mitigate BEAT and which one was adopted?
Foreign distributor model and Check the box. Check the box was adopted
What is the exact amount of tax we paid in Denmark for the IP transfer in DKK?
453,676,280 DKK
What was the FY22 consolidated net loss (before allocation of income attributable to non controlling interest ) per FY22 10-K?
$232.3M
Do you group FIN 48 expense as a current or deferred or foreign tax expense in the income taxes disclosure?
Current
What are the 2 States that neither levy a corporate income nor gross receipts tax?
Wyoming and South Dakota
What is the BEAT tax rate currently and what tax year will it increase in, and to what rate?
The BEAT rate is 10 percent for tax years beginning in 2019 to 2025. After 2026, the tax rate is raised to 12.5 percent.
What are the indicators of PE risk?
fixed place of business and dependent agent test
How many foreign legal entities does CrowdStrike have as of 1/31/2022 (disregarding CTB)?
28
What is the ASC codification for quarterly tax rate computation?
ASC 740-270-25