Get the free form 8716

Internal Revenue Service Department of the Treasury Washington, DC 20224 Number: 200438024 Release Date: 9/17/04 Index Number: 9100.09-00 --------------------------------------------------------------------------------------------------------------------------------------

How to fill out form 8716

How to fill out form 8716:

1. Begin by obtaining a copy of form 8716 from the appropriate source. This form can typically be found on the website of the Internal Revenue Service (IRS).
2. Carefully read the instructions accompanying the form. These instructions will provide important information on how to accurately fill out each section of the form.
3. Start filling out the form by entering your personal information in the designated fields. This may include your name, business name (if applicable), address, and taxpayer identification number.
4. If you are representing a business or organization, provide the necessary information related to your entity, such as its legal structure and employer identification number.
5. Proceed to the next section, which may require you to indicate the type of tax you are applying for relief from and the specific tax periods to which the form applies.
6. Follow the instructions regarding the specific relief you are seeking. This may involve providing information on the events or circumstances that led to your request for relief from certain penalties or interest charges.
7. If required, attach any supporting documentation that is necessary to substantiate your claim for relief. This may include financial statements, legal documents, or other pertinent records.
8. After completing all the necessary sections, review the form for accuracy and completeness. Make sure all required fields are filled out and all attachments are included.
9. Sign and date the form as instructed. If you are representing a business or organization, ensure that the authorized individual signs the form.
10. Keep a copy of the completed form for your records before submitting it to the relevant taxing authority.

Who needs form 8716:

1. Individuals who are seeking relief from certain penalties or interest charges imposed by the IRS may need to fill out form 8716.
2. Businesses and organizations that are requesting relief from specific tax liabilities or penalties may also be required to complete this form.
3. It is important to consult the IRS guidelines or a tax professional to determine if form 8716 is relevant to your particular situation and if it needs to be filed.

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What is form 8716?

Form 8716 is an Application for Waiver of Employer's Share of Social Security Tax Due on Undistributed Income of a Certain Funeral Benefit Trust.

Who is required to file form 8716?

Employers who have established a certain type of funeral benefit trust are required to file form 8716.

How to fill out form 8716?

To fill out form 8716, you need to provide information about the funeral benefit trust, employer identification number, total undistributed taxable income, and the amount of employer's share of social security tax due.

What is the purpose of form 8716?

The purpose of form 8716 is to request a waiver of the employer's share of social security tax due on undistributed income of a certain funeral benefit trust.

What information must be reported on form 8716?

Form 8716 requires reporting the funeral benefit trust information, employer identification number, total undistributed taxable income, and the amount of employer's share of social security tax due.