Get Irs 8404 2024-2025

This guide provides a clear, step-by-step approach to filling out the IRS 8404 form online, ensuring accurate reporting of interest charges on DISC-related deferred tax liabilities. It aims to assist users with varying levels of familiarity with tax forms.

Follow the steps to complete your IRS 8404 form effortlessly.

1. Click the ‘Get Form’ button to access the IRS 8404 form and open it for editing.
2. In section A, check the applicable box to indicate your status as a taxpayer, such as Corporation, Individual, Trust, or Decedent’s estate.
3. In item B, enter the shareholder’s identifying number; individuals should use their social security number, while other filers should provide their employer identification number.
4. In item C, provide the identifying number of the IC-DISC from the relevant Schedule K form that reported the deferred DISC income.
5. In item D, indicate the tax year for which the interest charge applies, detailing either the calendar year or the specific starting and ending dates.
6. Complete lines 1 through 9, ensuring to enter the taxable income or loss, deferred DISC income, adjustments, and tax liabilities as necessary. Follow the line-by-line instructions for details on calculations.
7. Once all fields are completed, you can save your changes, download a copy for your records, print it out, or share the completed form as needed.

Complete your IRS 8404 form online to ensure proper tax reporting and compliance.