Get the free Form 8928 (Rev. December 2009). Return of Certain Excise Taxes Under Chapter 43 of t...

Form 8928 (December 2009) Return of Certain Excise Taxes Under Chapter 43 of the Internal Revenue Code Department of the Treasury Internal Revenue Service (Under sections 4980B, 4980D, 4980E, and

How to fill out form 8928 rev december

1. To fill out Form 8928 rev december, start by gathering all the necessary information and documentation required for the form. This includes details about the organization or employer, any applicable excise taxes, and any disqualified persons.
2. Begin by entering the name, address, and employer identification number (EIN) of the organization or employer at the top of the form. Make sure to use the correct format and double-check for any errors.
3. Proceed to Part I of the form, titled "Excise Taxes on Prohibited Transactions." In this section, you will need to report any excise taxes owed due to prohibited transactions involving the organization's assets, such as loans or leases.
4. Follow the instructions carefully and provide all the necessary information for each transaction. This may include the date of the transaction, a description, and the amount involved.
5. If there were multiple transactions, you will need to provide a breakdown for each of them using separate rows or additional pages as instructed in the form.
6. In Part II of the form, titled "Taxes on Taxable Distributions," you will need to report any taxable distributions made by the organization to disqualified persons. Such distributions could include salaries, bonuses, or other benefits.
7. Again, carefully enter all the required information for each distribution, including the recipient's name, address, EIN or social security number, and the amount of the distribution.
8. Similar to Part I, if there were multiple distributions, provide a breakdown for each of them using separate rows or additional pages as required.
9. After completing the necessary sections of the form, make sure to review all the information provided. Check for any errors, omissions, or inconsistencies that may need to be corrected.
10. Finally, sign and date the form in the designated area, indicating that the information provided is accurate and complete to the best of your knowledge. Keep a copy of the completed form for your records.

Who needs form 8928 rev december?

1. Form 8928 rev december is required by organizations or employers who have engaged in prohibited transactions subject to excise taxes or have made taxable distributions to disqualified persons.
2. This form is specifically designed for reporting and calculating the appropriate excise taxes or taxable distributions in accordance with the Internal Revenue Code.
3. Entities such as charitable organizations, foundations, or trusts that are tax-exempt under certain sections of the tax code may need to file Form 8928 rev december if they meet the criteria for prohibited transactions or taxable distributions.

Note: It is essential to consult with a qualified tax professional or refer to the specific instructions provided with the form to ensure accurate and compliant completion.

For pdfFiller’s FAQs

What is form 8928 rev december?

Form 8928 rev december is a form used to report information regarding certain non-profit hospital organizations.

Who is required to file form 8928 rev december?

Non-profit hospital organizations that meet certain criteria are required to file form 8928 rev december.

How to fill out form 8928 rev december?

Form 8928 rev december can be filled out by providing the required information regarding the non-profit hospital organization's activities.

What is the purpose of form 8928 rev december?

The purpose of form 8928 rev december is to gather information and ensure compliance with tax regulations by non-profit hospital organizations.

What information must be reported on form 8928 rev december?

Form 8928 rev december requires reporting of information regarding the non-profit hospital organization's activities, such as community benefit and charity care.

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