Instructions for IRS Form 8804-W Installment Payments of Section 1446 Tax for Partnerships

IRS Form 8804-W Installment Payments of Section 1446 Tax for Partnerships

This document contains official instructions for IRS Form 8804-W , Installment Payments of Section 1446 Tax for 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 8804-W is available for download through this link.

FAQ

Q: What is IRS Form 8804-W?
A: IRS Form 8804-W is a form used by partnerships to make installment payments of Section 1446 tax.

Q: What are installment payments of Section 1446 tax?
A: Installment payments of Section 1446 tax are periodic payments made by partnerships towards their tax obligation on income from effectively connectedtaxable income.

Q: Who needs to file Form 8804-W?
A: Partnerships that have a Section 1446 tax liability and want to pay in installments need to file Form 8804-W.

Q: How do I make installment payments?
A: To make installment payments, partnerships need to calculate the projected Section 1446 tax liability and submit payment using IRS Form 8804-W.

Q: Are all partnerships required to make installment payments?
A: No, only partnerships that have a Section 1446 tax liability and choose to pay in installments need to make these payments.

Q: When is Form 8804-W due?
A: Form 8804-W is due on the 15th day of the 6th month following the close of the partnership's tax year.

Q: What happens if I don't file Form 8804-W?
A: If you don't file Form 8804-W or make the required installment payments, you may be subject to penalties and interest on the outstanding tax liability.