Instructions for IRS Form 8928 Return of Certain Excise Taxes Under Chapter 43 of the Internal Revenue Code

IRS Form 8928 Return of Certain Excise Taxes Under Chapter 43 of the Internal Revenue Code

This document contains official instructions for IRS Form 8928 , Return of Certain Excise Taxes Under Chapter 43 of the Internal Revenue Code - 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 8928 is available for download through this link.

FAQ

Q: What is IRS Form 8928?
A: IRS Form 8928 is used to report and pay certain excise taxes under Chapter 43 of the Internal Revenue Code.

Q: What is the purpose of Form 8928?
A: The purpose of Form 8928 is to report and pay excise taxes on activities such as excessive executive compensation or failure to meet the requirements of a charitable hospital.

Q: Who is required to file Form 8928?
A: Organizations that engage in activities subject to excise taxes under Chapter 43 of the Internal Revenue Code are required to file Form 8928.

Q: Which taxes are reported on Form 8928?
A: Form 8928 is used to report taxes such as the excess parachute payment tax, the excess benefit tax, and the tax on failure to meet the requirements of a charitable hospital.

Q: When is Form 8928 due?
A: Form 8928 is generally due on the 15th day of the 5th month after the end of the organization's tax year.

Q: Is there a penalty for not filing Form 8928?
A: Yes, failure to file Form 8928 or pay the required excise taxes may result in penalties and interest.