Get 8916-a - Irs

Filling out the 8916-A form can be a straightforward process when you have a clear guide. This form is a supplemental attachment used for providing detailed schedules of amounts reported in Schedule M-3 related to cost of goods sold, interest income, and interest expense.

Follow the steps to complete the 8916-A form efficiently.

1. Press the ‘Get Form’ button to obtain the form and open it in your editor.
2. Begin by entering the name of the common parent at the top of the form, followed by the employer identification number.
3. Proceed to fill in the subsidiary details by entering the name and employer identification number in the designated fields.
4. In Part I, under 'Cost of Goods Sold', accurately input the amounts for various items such as stock option expense, pension and profit sharing, and others as listed, based on your financial records.
5. Total the amounts from lines 1 through 7 under Part I and enter the total cost of goods sold on line 8, to be reported on the applicable Schedule M-3.
6. Move to Part II and detail your interest income. Fill in the tax-exempt interest income and total interest income from hybrid securities, ensuring to complete all required columns.
7. Finally, in Part III, report interest expense items, completing columns for each relevant interest expense type, and total the amounts on line 5.
8. Once all sections are complete, you can save changes, download, print, or share the form as necessary.

Start filling out your 8916-A form online today to stay organized and compliant.