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Form 8279 is used by corporations to elect to be treated as a Foreign Sales Corporation (FSC) or a Small Foreign Sales Corporation (small FSC) under section 927(f)(1) of the Internal Revenue Code.
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How to fill out form 8279

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How to fill out Form 8279

01
Obtain Form 8279 from the IRS website or relevant authorities.
02
Read the instructions provided on the form carefully.
03
Fill in the top section with your name, address, and identification number.
04
Proceed to fill out the specific sections as required, providing accurate financial information.
05
Review the form to ensure all information is correct and complete.
06
Sign and date the form as required.
07
Submit the form to the appropriate IRS address or electronically, if applicable.

Who needs Form 8279?

01
Individuals or businesses that need to report a change in their tax status.
02
Taxpayers looking to claim a specific tax credit or refund associated with qualifying events.
03
Those involved in business changes or ownership transfers that impact tax liabilities.
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You will still need to file injured spouse in order to protect your part of the refund if you file a joint return. When you file a joint return, the income is not broken down by which spouse had earnings. It is all combined. And filing separate returns will affect child-related refundable credits.
The couple reports the total amount received from each source, then allocates a portion of the total to each person. Form 8958 essentially reconciles the difference between what employers (and other income sources) have reported to the IRS and what the spouses will be reporting on their federal tax returns.
File Form 8379 when you become aware that all or part of your share of an overpayment was, or is expected to be, applied (offset) against your spouse's legally enforceable past-due obligations. You must file Form 8379 for each year you meet this condition and want your portion of any offset refunded.
Related Separation of Liability Relief. Equitable Relief. Injured Spouse Relief. Tax Relief for Spouses.
The allocation instructions are as follows: The wages should be allocated to each spouse as shown on their W-2 forms. The taxes withheld must also be divided as shown on the W-2 forms. The Standard or Itemized deductions must be allocated so that the non-injured spouse would be able to file as if they were single.
If the debt is from joint returns you filed together when married, the IRS can collect from either spouse even after the divorce. The IRS can collect from whomever has money, they don't have to collect 50/50 or honor your divorce agreement.
Can the IRS Deny an Injured Spouse Claim? Yes, the IRS may determine that someone filing Form 8379 is ineligible for an injured spouse allocation, or that they are not entitled to as much as they believe.
The injured spouse's share of the overpayment is computed by subtracting that spouse's share of the joint liability, determined in ance with the separate tax formula, from that spouse's contribution of credits toward the joint liability. The amount credited cannot exceed the amount of the joint overpayment.
You may be eligible for injured spouse relief if: You filed a joint return with your spouse. Your tax refund was applied to your spouse's overdue debts. You weren't responsible for the debt.
Yes, you can file Form 8379 electronically with your tax return. Generally: If you file Form 8379 with a joint return electronically, the time needed to process it is about 11 weeks.

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Form 8279 is a tax form used by taxpayers to report specific information regarding a tax credit for certain tax years.
Taxpayers claiming a specific tax credit, as outlined by the IRS, are required to file Form 8279.
To fill out Form 8279, taxpayers must provide their personal information, details about the tax credit being claimed, and any necessary financial documentation supporting the claim.
The purpose of Form 8279 is to provide the IRS with necessary information regarding claims for specific tax credits, ensuring proper processing and validation.
Information that must be reported includes taxpayer identification, details of the credit being claimed, and any qualifying expenses or income related to the credit.
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