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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 8988
for the current year.
IRS Form 8988 Election for Alternative to Payment of the Imputed Underpayment
What Is IRS Form 8988?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on February 1, 2019. As of today, no separate filing guidelines for the form are provided by the IRS.
FAQ
Q: What is IRS Form 8988?
A: IRS Form 8988 is Election for Alternative to Payment of the Imputed Underpayment.
Q: What is the purpose of Form 8988?
A: The purpose of Form 8988 is to provide taxpayers with an alternative to paying the imputed underpayment in certain cases.
Q: Who needs to file Form 8988?
A: Taxpayers who want to elect an alternative to paying the imputed underpayment in certain cases need to file Form 8988.
Q: When should I file Form 8988?
A: Form 8988 should be filed within 30 days of receiving the partnership's notice of final partnership adjustment.
Q: Are there any fees associated with filing Form 8988?
A: No, there are no fees associated with filing Form 8988.
Q: Is Form 8988 applicable to both individuals and businesses?
A: Yes, Form 8988 can be filed by both individuals and businesses who meet the eligibility requirements.
Q: What should I do if I have additional questions about Form 8988?
A: If you have additional questions about Form 8988, you can consult the instructions provided by the IRS or seek professional tax advice.
Form Details:
- A 2-page form available for download in PDF;
- Actual and valid for filing 2023 taxes;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 8988 through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 8988 Election for Alternative to Payment of the Imputed Underpayment
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