Form preview

IRS 8689 2021 free printable template

Get Form
Form8689Department of the Treasury Internal Revenue ServiceAllocation of Individual Income Tax to the U.S. Virgin Islands OMB No. 154500742021Attach to Form 1040 or 1040SR. Go to www.irs.gov/Form8689
pdfFiller is not affiliated with IRS

Get, Create, Make and Sign

Edit
Edit your 8689 2021 form form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share
Share your form instantly
Email, fax, or share your 8689 2021 form form via URL. You can also download, print, or export forms to your preferred cloud storage service.

How to edit 8689 online

9.5
Ease of Setup
pdfFiller User Ratings on G2
9.0
Ease of Use
pdfFiller User Ratings on G2
Here are the steps you need to follow to get started with our professional PDF editor:
1
Sign into your account. It's time to start your free trial.
2
Upload a document. Select Add New on your Dashboard and transfer a file into the system in one of the following ways: by uploading it from your device or importing from the cloud, web, or internal mail. Then, click Start editing.
3
Edit form 8689. Replace text, adding objects, rearranging pages, and more. Then select the Documents tab to combine, divide, lock or unlock the file.
4
Get your file. Select your file from the documents list and pick your export method. You may save it as a PDF, email it, or upload it to the cloud.
pdfFiller makes dealing with documents a breeze. Create an account to find out!

IRS 8689 Form Versions

Version
Form Popularity
Fillable & printabley
4.8 Satisfied (57 Votes)
4.8 Satisfied (171 Votes)
4.4 Satisfied (59 Votes)
4.4 Satisfied (203 Votes)
4.4 Satisfied (34 Votes)
4.3 Satisfied (196 Votes)
4.4 Satisfied (168 Votes)
4.4 Satisfied (532 Votes)
4.1 Satisfied (46 Votes)
4.1 Satisfied (26 Votes)
4.3 Satisfied (66 Votes)
4.0 Satisfied (29 Votes)
4.0 Satisfied (35 Votes)

How to fill out 8689 2021 form

Illustration

How to fill out 8689?

01
Make sure you have all the required information and documents handy, such as personal identification, financial records, and any relevant forms.
02
Start by carefully reading the instructions provided with the form 8689, ensuring that you understand each section and the specific requirements.
03
Begin filling out the form by entering your personal information accurately, including your name, address, and social security number.
04
Move on to the income section, where you will need to report your income from different sources, such as wages, self-employment, or investment earnings. Pay close attention to the instructions on how to calculate and report each type of income correctly.
05
Deductions and exemptions are important to consider next. Evaluate if you are eligible for any deductions or exemptions listed in the form and provide the required information accordingly.
06
Proceed to the tax computation section, where you will calculate the amount of tax you owe or the refund you can claim. Use the provided instructions or any specific guidelines given to complete this section accurately.
07
Double-check all the information you have entered on the form to ensure there are no errors or missing details. Review each section thoroughly to make sure you haven't skipped any required fields.
08
Lastly, sign and date the form before submitting it to the relevant tax authorities. Keep a copy of the completed form 8689 for your records.

Who needs 8689?

01
Individuals who work or conduct business in foreign countries or U.S. territories may need to fill out form 8689.
02
Expatriates or U.S. citizens living abroad who have foreign income or paid foreign taxes might also need to complete this form.
03
Taxpayers who qualify for the foreign income exclusion or foreign tax credit may be required to include form 8689 along with their tax return.
Note: It is always recommended to consult with a tax professional or the Internal Revenue Service (IRS) for specific guidance and to ensure compliance with the current tax laws and regulations.

Who can Use Form 8689?

You can avail of Form 8689, in case you were a citizen of the United States or even a resident alien. It refers to the territory of the Virgin Islands (SVI) and income taxation considering businesses there. The liability of the SVI tax coincides with the U.S. one. The applicant is not to make use of this template if they are a bona fide resident of the U.S. Virgin Islands during the whole taxation year.

What is the Significance of the Form 8689?

A person is eligible to file Form 8689 for figuring out the total of the United States tax, which is distributed to the Virgin Islands as well.

What are the Time Frames for Form 8689?

Starting with the 31st of December 2004, the revenue gained on the location of the United States, which can be somehow connected with the trade conduction there, is no more considered as the income of the U.S. Virgin Islands.

Which Attachments Accompany Form 8689?

This statement is to be added to a 1040 template as a certain documentary supplement. Nonetheless, it can be filed independently, considering various occasions in businesses.

What is to be mentioned in Form 8689?

Initially, it is significant to fill in all four parts of Form 8689. The applicant signifies all income rates on the Virgin Islands (including wages and salaries, tips and interests, dividends, capital gains, losses, IRA distributions, social security benefits, etc.). Adjusted Gross Income is included in the second part of the template. The applicant notifies the educator, moving expenses, self-employment tax, deduction, health insurance and other points. The third part involves the Allocation of Tax to the Virgin Islands. Here you need to arrange some calculations to get the general result. And the last — fourth — section is devoted to the Payment of the Income Tax in the SVI.

Video instructions and help with filling out and completing 8689

Instructions and Help about form 8689 irs

Employers must adhere to a variety of compliance regulations during the new hire and onboarding process among these vital rules is form i-9 which helps employers verify a new worker's employment eligibility in this episode of hr party of one I'll cover everything you need to know about form from what it is and how it works to retention rules and important updates in 2021 so stick around till the end, and you'll be an expert in all things form i nine meaning you'll never have to worry about compliance again we'll cover what is form i9 and are employers required to verify it acceptable documentation for form i9 verification how do employers verify form i9 form i9 retention and storage requirements and how a helps and what we know about 499 in 2021 let's jump right in the American government wants to know that the people who work for you are legally permitted to do so form i-9 is a U.S. citizenship and immigration services document that verifies this information before my nine didn't just appear out of thin air it's actually been around since 1986. I think a brief history session is in order so let's run...

Fill 8689 : Try Risk Free

Rate free comprehensive tax meaning form

4.4
Satisfied
59 Votes

People Also Ask about 8689

For pdfFiller’s FAQs

Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.

8689 is a four-digit number with no specific meaning unless it is associated with a particular context or concept. It doesn't have any widely known or commonly accepted significance.
Form 8689, also known as the Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (CNMI), is required to be filed by individuals who have earned income from these two territories. This includes U.S. citizens and resident aliens who are required to file a U.S. federal income tax return and have income from Guam or the CNMI that is subject to tax.
Form 8689 is used by U.S. taxpayers who qualify for the Foreign Earned Income Exclusion to report their foreign earned income. Here's a step-by-step guide on how to fill out this form: 1. Header: On the top of the form, enter your name, Social Security Number (SSN), and complete address. 2. Part I - General Information: - Line 1: Check the box that applies to your tax filing status. Typically, this would be "Married" or "Single." - Line 2: Indicate your spouse's name if you are married and filing jointly. - Line 3: Enter your spouse's SSN. - Line 4: Choose the type of exemption you are claiming (whether "Bona Fide Resident" or "Physical Presence Test"). 3. Part II - Qualification Information: - Lines 5-9: Answer the questions in these lines based on your qualification for the Foreign Earned Income Exclusion. - Line 10: Check "Yes" if you are a U.S. citizen with bona fide residence in a foreign country or countries. 4. Part III - Housing Exclusion or Deduction: This section calculates the amount of housing exclusion or deductions you qualify for and includes various calculations. - Complete the calculations based on the instructions given in each line. 5. Part IV - Totality of the Circumstances Test: Only applicable if you qualify for the foreign earned income exclusion under the "Totality of the Circumstances Test." - Follow the instructions given in each line to answer the questions and perform calculations. 6. Part V - Definitions and Special Rules: - Review this section to understand definitions of various terms and specific rules relating to the Foreign Earned Income Exclusion. 7. Signature: - Sign and date the form at the bottom. Note: This is a general overview of how to fill out Form 8689. It is highly recommended to refer to the official instructions provided by the Internal Revenue Service (IRS) for detailed guidance specific to your situation.
8689 does not have a specific purpose as it is simply a numeric value. It could represent a variety of things depending on the context in which it is being used, such as a phone number, a code, or a random number. Without additional information, it is difficult to determine its purpose.
Form 8689 is used to report income received by U.S. citizens or resident aliens who have earned income in a foreign country and are claiming the foreign earned income exclusion. The following information must be reported on Form 8689: 1. Personal Information: This includes your name, Social Security number (or taxpayer identification number), and filing status. 2. Calculation of Foreign Earned Income Exclusion: You must report the amount of earned income you earned in a foreign country, the amount of housing costs (if applicable), and any other forms of income and deductions. 3. Calculation of Taxable Income: This involves calculating your total income, deductions, exemptions, and credits to determine your taxable income. 4. Allocation of Foreign Earned Income Exclusion: If you are married and filing separately, you may need to allocate the exclusion between you and your spouse. 5. Calculation of the Foreign Tax Credit: If you are claiming the foreign tax credit instead of the foreign earned income exclusion, you will need to complete this section to determine your eligible credit. 6. Calculation of Self-Employment Tax: If you are self-employed, you may need to calculate and report your self-employment tax liability. 7. Additional Information: There may be additional questions or sections related to foreign income and foreign taxes paid that need to be completed. It is important to note that this is a general overview, and the specific details and requirements on Form 8689 may vary depending on your individual circumstances and the tax year in question. It is recommended to consult the instructions provided with the form or seek professional tax advice to ensure accurate reporting.
The exact deadline to file Form 8689 (Allocation of Individual Income Tax to the U.S. Virgin Islands) for the year 2023 will depend on various factors. Generally, individual taxpayers who are required to file Form 8689 have until April 15th of the following year to submit their tax returns. However, if the deadline falls on a weekend or federal holiday, the due date may be extended to the next business day. Keep in mind that tax filing deadlines can also be affected by specific circumstances or extensions granted by the IRS. Therefore, it is always advisable to consult the IRS official website or a tax professional for the most accurate and up-to-date information regarding tax deadlines.
Form 8689 is used to claim the foreign earned income exclusion for individuals who qualify. The penalty for the late filing of Form 8689 depends on whether you owe taxes on your foreign earned income. If you filed for an extension and paid any taxes owed by the original tax filing deadline (usually April 15th for most taxpayers), there is generally no late filing penalty as long as you file your Form 8689 by the extended deadline. However, if you did not file for an extension or failed to pay any taxes owed by the original deadline, you may face the following penalties: 1. Late Filing Penalty: The IRS charges a penalty for filing your tax return late, which is typically 5% of the unpaid tax for each month (or part of a month) your return is late, up to a maximum of 25% of the unpaid tax. If your return is more than 60 days late, the minimum penalty is either $435 or 100% of the unpaid tax, whichever is less. 2. Late Payment Penalty: If you owe taxes on your foreign earned income and did not pay them by the original deadline, you may face a late payment penalty. The penalty is generally 0.5% of the unpaid tax for each month (or part of a month) it remains unpaid, up to a maximum of 25% of the unpaid tax. 3. Interest: In addition to the penalties mentioned above, the IRS also charges interest on any unpaid taxes from the original deadline until the date they are paid. The interest rate is determined quarterly and is compounded daily. It's important to note that the penalties and interest mentioned above are subject to the specific circumstances of each individual taxpayer, so it is advisable to consult with a tax professional or refer to the IRS guidelines for precise information related to your case.
form 8689 and other documents can be changed, filled out, and signed right in your Gmail inbox. You can use pdfFiller's add-on to do this, as well as other things. When you go to Google Workspace, you can find pdfFiller for Gmail. You should use the time you spend dealing with your documents and eSignatures for more important things, like going to the gym or going to the dentist.
To distribute your tax 8689, simply send it to others and receive the eSigned document back instantly. Post or email a PDF that you've notarized online. Doing so requires never leaving your account.
The premium subscription for pdfFiller provides you with access to an extensive library of fillable forms (over 25M fillable templates) that you can download, fill out, print, and sign. You won’t have any trouble finding state-specific comprehensive tax meaning form and other forms in the library. Find the template you need and customize it using advanced editing functionalities.

Fill out your 8689 2021 form online with pdfFiller!

pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.

Get started now
Form preview

Related to form 8689