Get IRS 8865 2022-2024

Code 8865 applies to employers engaged in operating group homes, drug or alcohol rehabilitation centers, halfway houses, homes for mentally disabled persons, temporary shelters and independent supportive living homes where no medical services are provided.

When a person owns a percentage of a foreign partnership, they may also need to report it on a form 8938… unless they meet the threshold requirement of having to file form 8865. In that case, individual will file a form 8865 instead of a form 8938 as to that particular interest in the foreign partnership.

U.S. persons with a significant interest in a foreign partnership are required to file Form 8865. This includes those who: Control the foreign partnership (Category 1). Own a substantial interest in a partnership controlled by U.S. persons (Category 2).

When a person owns a percentage of a foreign partnership, they may also need to report it on a form 8938… unless they meet the threshold requirement of having to file form 8865. In that case, individual will file a form 8865 instead of a form 8938 as to that particular interest in the foreign partnership.

The reason Form 8865 exists is to help the IRS track U.S. members of foreign partnerships, and it's similar to Form 1065, which is the form you'd file for a U.S. partnership. A partnership is considered a foreign partnership when it wasn't created or organized in the United States or under the law of the United States.

Form 8865 is a counterpart to Form 5471. While Form 5471 is used to report foreign corporations, Form 8865 is used to report foreign partnerships.

Code 8865 applies to employers engaged in operating group homes, drug or alcohol rehabilitation centers, halfway houses, homes for mentally disabled persons, temporary shelters and independent supportive living homes where no medical services are provided.

Form 8865 is a counterpart to Form 5471. While Form 5471 is used to report foreign corporations, Form 8865 is used to report foreign partnerships.