Get the free Form 8279

Form 8279 is used by a corporation to elect to be treated as a foreign sales corporation (FSC) or as a small foreign sales corporation (small FSC) under section 927(f)(1) of the Internal Revenue Code.

How to fill out form 8279

How to fill out Form 8279

1. Download Form 8279 from the IRS website.
2. Read the instructions carefully before filling out the form.
3. Enter your name and address in the designated fields.
4. Provide your employer identification number (EIN) if applicable.
5. Complete the relevant sections regarding your tax situation.
6. Attach any necessary documentation as specified in the instructions.
7. Review the form for accuracy and completeness.
8. Sign and date the form before submitting it.

Who needs Form 8279?

1. Taxpayers who have claimed a tax credit or refund that raised questions.
2. Individuals or businesses required to provide further information about their tax deductions or credits.

People Also Ask about

Should I file injured spouse or innocent spouse?

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.

What is allocate income between spouses?

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.

What requirements must be met when considering filing form 8379?

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.

What are the four types of innocent spouse relief?

Related Separation of Liability Relief. Equitable Relief. Injured Spouse Relief. Tax Relief for Spouses.

How do I allocate income on an injured spouse form?

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.

Can the IRS come after my wife for my debt?

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 injured spouse be denied?

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.

How do they calculate injured spouse refund?

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.

What qualifies for injured spouse relief?

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.

Can I file an injured spouse form online?

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.

For pdfFiller’s FAQs

What is Form 8279?

Form 8279 is a tax form used by certain taxpayers to report their elections and claims for credits under specific circumstances, typically related to the use of renewable energy expenditures.

Who is required to file Form 8279?

Taxpayers who have made an election to claim a credit for certain expenditures, such as those for renewable energy or other specified credits, are required to file Form 8279.

How to fill out Form 8279?

To fill out Form 8279, taxpayers should carefully complete all sections of the form, providing accurate information regarding their identity, the specific credits they are claiming, and any relevant financial data required by the IRS instructions.

What is the purpose of Form 8279?

The purpose of Form 8279 is to facilitate the reporting of elections and claims for tax credits, ensuring that taxpayers can accurately report and claim benefits as permitted by the tax code.

What information must be reported on Form 8279?

Form 8279 requires taxpayers to report their personal information, the type of credit or election being claimed, details of the credit calculations, and any other information specified in the instructions provided by the IRS.