This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 8865 for the current year.
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.
Q: What is IRS Form 8865?
A: IRS Form 8865 is a tax form used by U.S. persons who are owners or investors in certain foreign partnerships.
Q: Who is required to file IRS Form 8865?
A: U.S. persons who have an ownership interest in a foreign partnership and meet certain threshold requirements are required to file IRS Form 8865.
Q: What information is required on IRS Form 8865?
A: IRS Form 8865 requires information about the foreign partnership, the U.S. person's ownership interest, and the U.S. person's share of the partnership's income, deductions, and credits.
Q: When is the deadline to file IRS Form 8865?
A: The deadline to file IRS Form 8865 is generally the same as the deadline for filing your individual income tax return, which is April 15th.
Q: Are there any penalties for not filing IRS Form 8865?
A: Yes, there are penalties for failure to file or for filing an incomplete or inaccurate form. The penalties can vary depending on the circumstances.
Q: Do I need to file IRS Form 8865 if I have a small ownership interest in a foreign partnership?
A: Yes, even if your ownership interest is small, you may still be required to file IRS Form 8865 if you meet the threshold requirements.
Q: Can I file IRS Form 8865 electronically?
A: Yes, IRS Form 8865 can be filed electronically using the IRS's e-file system.
Q: Is there any specific guidance available for completing IRS Form 8865?
A: Yes, the IRS provides instructions for completing IRS Form 8865, which can help you navigate the form and ensure you provide all the necessary information.
Q: Can I amend my IRS Form 8865 if I made a mistake?
A: Yes, if you made a mistake on your original IRS Form 8865, you can file an amended form to correct the error.
Form Details:
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