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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 8615
for the current year.
IRS Form 8615 Tax for Certain Children Who Have Unearned Income
What Is IRS Form 8615?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 8615?
A: IRS Form 8615 is a tax form used for reporting unearned income for certain children.
Q: Who needs to file IRS Form 8615?
A: IRS Form 8615 is typically filed by children who have unearned income above a certain threshold.
Q: What is considered unearned income?
A: Unearned income includes investment income, such as interest, dividends, and capital gains.
Q: How much unearned income can a child have before they need to file IRS Form 8615?
A: The threshold for filing IRS Form 8615 varies each year, so it's best to refer to the IRS guidelines or consult a tax professional.
Q: Why do children need to file IRS Form 8615?
A: Children with significant unearned income may be subject to the Kiddie Tax, which taxes unearned income at the parents' tax rate.
Q: When is the deadline for filing IRS Form 8615?
A: The deadline for filing IRS Form 8615 typically aligns with the deadline for filing the child's tax return, which is usually April 15th but may vary.
Q: Can I e-file IRS Form 8615?
A: Yes, it is possible to e-file IRS Form 8615 using tax software or through a tax professional.
Q: What are the penalties for not filing IRS Form 8615?
A: Failure to file IRS Form 8615 when required may result in penalties and interest on the unpaid taxes owed.
Q: Can I amend IRS Form 8615?
A: If you need to make changes to IRS Form 8615 after filing, you can do so by filing an amended tax return using Form 1040X.
Form Details:
- A 1-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 8615 through the link below or browse more documents in our library of IRS Forms.
