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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 8990
for the current year.
IRS Form 8990 Limitation on Business Interest Expense
What Is IRS Form 8990?
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 December 1, 2018. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 8990?
A: IRS Form 8990 is a form used to calculate and report the limitation on business interestexpense deduction.
Q: Who needs to file IRS Form 8990?
A: Taxpayers who have business interest expense and meet certain criteria need to file IRS Form 8990.
Q: What is the purpose of filing IRS Form 8990?
A: The purpose of filing IRS Form 8990 is to determine the amount of business interest expense that can be deducted.
Q: How does IRS Form 8990 work?
A: IRS Form 8990 calculates the limit on business interest expense deduction based on the taxpayer's adjusted taxable income and other factors.
Q: Are there any exceptions or special rules for filing IRS Form 8990?
A: Yes, there are certain exceptions and special rules that apply to filing IRS Form 8990. It is recommended to consult a tax professional or review the official IRS instructions for more information.
Q: When is the deadline for filing IRS Form 8990?
A: The deadline for filing IRS Form 8990 is typically the same as the deadline for filing your federal income tax return, which is usually April 15th.
Q: What happens if I don't file IRS Form 8990?
A: If you are required to file IRS Form 8990 and fail to do so, you may face penalties and interest on any underpaid taxes.
Q: Can I e-file IRS Form 8990?
A: Yes, IRS Form 8990 can be e-filed along with your federal income tax return.
Q: Is there any cost associated with filing IRS Form 8990?
A: No, there is no specific cost associated with filing IRS Form 8990. However, you may need to pay for professional tax assistance or tax software if you choose to use those services.
Form Details:
- A 3-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 8990 through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 8990 Limitation on Business Interest Expense
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