Instructions for IRS Form 8858 Information Return of U.S. Persons With Respect to Foreign Disregarded Entities (Fdes) and Foreign Branches (Fbs)

IRS Form 8858 Schedule M Transactions Between Foreign Disregarded Entity (Fde) or Foreign Branch (Fb) and the Filer or Other Related Entities

This document contains official instructions for IRS Form 8858 , Information Return of U.S. Persons With Respect to Foreign Disregarded Entities (Fdes) and Foreign Branches (Fbs) - 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 8858 Schedule M is available for download through this link.

FAQ

Q: What is IRS Form 8858?
A: IRS Form 8858 is an information return filed by U.S. persons with respect to foreign disregarded entities (FDEs) and foreign branches (FBs).

Q: Who needs to file IRS Form 8858?
A: U.S. persons who own or have control over foreign disregarded entities (FDEs) or foreign branches (FBs) need to file IRS Form 8858.

Q: What information is required on IRS Form 8858?
A: IRS Form 8858 requires information about the foreign disregarded entities or foreign branches owned or controlled by the U.S. person, including income, assets, and significant transactions.

Q: When is the deadline to file IRS Form 8858?
A: IRS Form 8858 is generally due on the same date as the taxpayer's income tax return, including any extensions.

Q: Are there any penalties for not filing IRS Form 8858?
A: Yes, there can be penalties for failing to file IRS Form 8858, including monetary penalties and potential criminal charges.

Q: Can I e-file IRS Form 8858?
A: No, IRS Form 8858 cannot be e-filed and must be filed by mail.

Q: Do I need to attach any supporting documents with IRS Form 8858?
A: Yes, certain supporting documents, such as financial statements, may need to be attached with IRS Form 8858.

Q: Is there any fee for filing IRS Form 8858?
A: No, there is no fee for filing IRS Form 8858.