Instructions for IRS Form 8865 Return of U.S. Persons With Respect to Certain Foreign Partnerships

IRS Form 8865 Schedule P Acquisitions, Dispositions, and Changes of Interests in a Foreign Partnership (Under Section 6046a)

This document contains official instructions for IRS Form 8865 , Return of U.S. Persons With Respect to Certain Foreign Partnerships - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8865 Schedule P is available for download through this link.

FAQ

Q: What is IRS Form 8865?
A: IRS Form 8865 is a tax form used by U.S. persons who are partners in certain foreign partnerships.

Q: Who needs to file IRS Form 8865?
A: U.S. persons who are partners in foreign partnerships must file IRS Form 8865.

Q: What information is required on IRS Form 8865?
A: IRS Form 8865 requires information about the foreign partnership, its income, and the U.S. person's share of that income.

Q: When is IRS Form 8865 due?
A: IRS Form 8865 is due on the same day as the U.S. person's federal income tax return, typically on April 15th.

Q: Are there any penalties for not filing IRS Form 8865?
A: Yes, there are penalties for not filing IRS Form 8865, including monetary fines and potential criminal charges.

Q: Can I e-file IRS Form 8865?
A: No, IRS Form 8865 cannot be e-filed. It must be filed on paper and mailed to the appropriate IRS address.