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Department of the Treasury Internal Revenue Service Publication 967 Cat. No. 22402M The IRS Will Figure Your Tax For use in preparing 1999 Returns Introduction You can have the IRS figure your tax
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What is publication 967?
Publication 967 provides information on the IRS procedures for evaluating a taxpayer's requests for adjustments to their tax account. It outlines the requirements for filing Form 8949, Sales and Other Dispositions of Capital Assets, and Form 8960, Net Investment Income Tax.
Who is required to file publication 967?
Publication 967 applies to individuals, partnerships, corporations, and fiduciaries who need to report adjustments to their tax liabilities. These adjustments could be due to inaccurate reporting or changes in tax laws.
How to fill out publication 967?
Publication 967 contains instructions on how to complete Form 8949 and Form 8960. Taxpayers should carefully read the publication and follow the provided guidelines to accurately report their capital asset dispositions and net investment income.
What is the purpose of publication 967?
The purpose of publication 967 is to inform taxpayers about the IRS procedures for requesting adjustments and to provide guidance on reporting capital asset dispositions and net investment income. It ensures taxpayers comply with tax laws and accurately report their tax liabilities.
What information must be reported on publication 967?
Publication 967 requires taxpayers to report information related to their capital asset dispositions, such as the date of sale, cost basis, and sales price. It also requires reporting net investment income information for individuals subject to the Net Investment Income Tax.
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