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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 8991
for the current year.
IRS Form 8991 Tax on Base Erosion Payments of Taxpayers With Substantial Gross Receipts
What Is IRS Form 8991?
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 8991?
A: IRS Form 8991 is a tax form used to calculate the tax on base erosion payments of taxpayers with substantial gross receipts.
Q: Who needs to file IRS Form 8991?
A: Taxpayers with substantial gross receipts who have made base erosion payments need to file IRS Form 8991.
Q: What are base erosion payments?
A: Base erosion payments refer to certain deductible payments made by taxpayers to related foreign entities that can erode the taxpayer's US taxable income.
Q: What is the purpose of IRS Form 8991?
A: The purpose of IRS Form 8991 is to calculate the amount of tax owed on base erosion payments and determine if the taxpayer is subject to the base erosion and anti-abuse tax (BEAT).
Q: When is the deadline to file IRS Form 8991?
A: The deadline to file IRS Form 8991 is usually the same as the taxpayer's federal income tax return filing deadline, including extensions.
Q: What happens if I fail to file IRS Form 8991?
A: Failure to file IRS Form 8991, when required, can result in penalties and interest on the amount of tax owed on base erosion payments.
Form Details:
- A 5-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 8991 through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 8991 Tax on Base Erosion Payments of Taxpayers With Substantial Gross Receipts
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