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UTAH ASSOCIATION OF
INDEPENDENT
INSURANCE AGENTS
4885 S. 900 E. Ste 302
Salt Lake City, UT 84117
www.uaiia.org
8012691200
Fax 8012691265
CHERYL LYMAN
EXECUTIVE DIRECTOR
cheryllyman×Asia.org2017BENEFITSSupport
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To fill out form 4885-S, follow these steps:
02
Download the form 4885-S from the official website or obtain a physical copy.
03
Read the instructions carefully to understand the requirements and eligibility criteria.
04
Provide your personal information such as name, address, and Social Security number in the appropriate sections.
05
Fill in the details about the tax year for which you are filing the form.
06
Calculate and enter the total amount of qualified timber property income.
07
Complete the sections related to ownership percentages and consent for suspension limitations.
08
Attach any required supporting documentation such as Form T and Form 1099-S.
09
Review the form for accuracy and completeness before submitting.
10
Sign and date the form as required.
11
Mail the completed form to the designated address mentioned in the instructions.
Who needs 4885 s?
01
Form 4885-S is needed by individuals who have qualifying timber property income and wish to elect suspension of passive loss limitations under section 469 of the Internal Revenue Code (IRC). This form is specifically for S corporation shareholders to be filed with their individual tax return (Form 1040) or partnership return (Form 1065).
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What is 4885 s?
4885 s is a form used to report certain information related to financial transactions.
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To fill out 4885 s, you need to provide detailed information about the financial transactions as specified in the form.
What is the purpose of 4885 s?
The purpose of 4885 s is to provide authorities with information about certain financial transactions for regulatory and compliance purposes.
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Information such as the nature of the transaction, parties involved, amount, and date of the transaction must be reported on 4885 s.
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