Get the free 2010 form 8804

4p Cat. No. 10077T Form 8804 2010 Page 2 Gross section 1446 tax liability a Multiply line 4d by 35. Attach Form s 8804-C and 8805. For calendar year 2010 or tax year beginning 2010 and ending Check this box if the partnership keeps its records and books of account outside the United States and Puerto Rico.

How to fill out 2010 form 8804

How to fill out 2010 form 8804:

1. Gather all the necessary information and documentation required for the form, such as your company's name, employer identification number (EIN), and any relevant financial information.
2. Begin by completing the top section of the form, which includes providing your company's name, address, and EIN.
3. Proceed to Part I of the form, where you will calculate the taxable income or loss, as well as any deductions or credits that may apply.
4. Ensure that you accurately complete all the necessary boxes and lines in Part I, following the instructions provided on the form.
5. Move on to Part II, where you will calculate the total tax liability for the tax year. This section also requires you to report any payments or credits made throughout the year that may affect your tax liability.
6. Double-check all the calculations and ensure that all the required information has been provided accurately.
7. Once you have completed all the sections of the form, sign and date it to certify the accuracy of the information provided.
8. Keep a copy of the completed form for your records and submit it to the appropriate tax authorities by the due date.

Who needs 2010 form 8804:

1. Domestic and foreign partnerships that have made payments to foreign partners during the tax year may need to fill out form 8804.
2. It is primarily used to report income, deductions, and credits related to effectively connected income (ECI) with a U.S. trade or business.
3. Partnerships that are subject to withholding under section 1446 are also required to file this form.
4. The form is designed to ensure compliance with tax obligations and report any tax liability accurately.

People Also Ask about

Who is required to file form 8804?

If a partnership with a foreign partner has income that is effectively connected with a US business or trade, it must report a partnership withholding tax. This is done by filing Form 8804 and Form 8805.

Can you electronically file form 8804?

Answer. No. The IRS supports electronic filing only for Form 1065 and related forms and schedules and the extension Form 7004. Any forms that are filed to the IRS separately from Form 1065, such as Form 8804, are not included in the electronic file and, therefore, must be filed on paper.

What is the penalty for filing form 8804?

Failure to file a Form 8804 results in a penalty of 5% of the unpaid tax for each month the return is late, up to a maximum penalty of 25% of the unpaid tax.

What is 8804 form used for?

Form 8804, Annual Return for Partnership Withholding Tax (Section 1446). The withholding tax liability of the partnership for its tax year is reported on Form 8804. Form 8804 is also a transmittal form for Forms 8805.

Can you efile 7004 for 8804?

A taxpayer who needs to file Forms 7004 for multiple form types may submit the Forms 7004 electronically. For example, taxpayers submitting one Form 7004 with "Type of Return Code" 31 for the Form 8804 and another Form 7004 with "Type of Return Code" 09 for the Form 1065 may file the Forms electronically.

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What is form 8804?

Form 8804 is a tax form used by partnerships and certain corporations to report and pay their annual income tax liability.

Who is required to file form 8804?

Partnerships and certain corporations that are engaged in a U.S. trade or business with foreign partners or shareholders are required to file form 8804.

How to fill out form 8804?

To fill out form 8804, you need to provide information about your organization, income, deductions, and tax liability. It is recommended to consult with a tax professional or refer to the IRS instructions for specific guidance.

What is the purpose of form 8804?

The purpose of form 8804 is to calculate and report the tax liability of partnerships and certain corporations with foreign partners or shareholders.

What information must be reported on form 8804?

Form 8804 requires information such as the organization's name, EIN, income, deductions, tax credits, and tax liability. Specific details can be found in the IRS instructions for form 8804.