Instructions for Form 8865 Return of U.S. Persons With Respect to Certain Foreign Partnerships

IRS Form 8865 Return of U.S. Persons With Respect to Certain Foreign Partnerships

This document contains official instructions for Form 8865 , Return of U.S. Persons With Respect to Certain Foreign 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 8865 is available for download through this link.

FAQ

Q: What is Form 8865?
A: Form 8865 is a tax form used by U.S. persons who have partnerships with foreign entities.

Q: Who needs to file Form 8865?
A: U.S. persons who have partnerships with foreign entities need to file Form 8865.

Q: What information is required on Form 8865?
A: Form 8865 requires information about the foreign partnership, including the partners' names, addresses, and ownership percentages.

Q: When is the deadline to file Form 8865?
A: The deadline to file Form 8865 is generally the same as the deadline for individual income tax returns, which is April 15th.

Q: Are there any penalties for not filing Form 8865?
A: Yes, there are penalties for not filing Form 8865, including a monetary penalty and potential criminal charges.

Q: Can I e-file Form 8865?
A: No, Form 8865 cannot be e-filed and must be filed in paper format.

Q: Do I need to file Form 8865 if the partnership did not have any activity or income during the tax year?
A: Yes, you still need to file Form 8865 even if the partnership had no activity or income.

Q: Is there any way to request an extension for filing Form 8865?
A: Yes, you can request an extension to file Form 8865 by filing Form 7004.

Q: Are there any exceptions to filing Form 8865?
A: Yes, there are certain exceptions to filing Form 8865, such as de minimis partnerships or partnerships with only foreign corporations.