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Form 8279 is used by a corporation to make the election to be treated as a foreign sales corporation (FSC) or as a small foreign sales corporation (small FSC). Once the election is made, it remains
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How to fill out form 8279

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How to fill out Form 8279

01
Obtain a copy of Form 8279 from the IRS website or your local tax office.
02
Start by providing your personal information in the designated sections, including your name, address, and Social Security number.
03
Read the instructions carefully to understand the purpose of the form.
04
Fill out the required information in Part I, which typically includes details about your business or activity.
05
Complete Part II by reporting your income and expenses related to the specific tax situation addressed by the form.
06
Review your entries for accuracy and completeness.
07
Sign and date the form where indicated.
08
Submit the completed form to the appropriate IRS address as specified in the instructions.

Who needs Form 8279?

01
Individuals or businesses that are claiming a tax credit or deduction related to their expenses or activities that qualify under IRS guidelines.
02
Taxpayers seeking to report specific income or request the allocation of certain tax benefits.
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You will still need to file injured spouse in order to protect your part of the refund if you file a joint return. When you file a joint return, the income is not broken down by which spouse had earnings. It is all combined. And filing separate returns will affect child-related refundable credits.
The couple reports the total amount received from each source, then allocates a portion of the total to each person. Form 8958 essentially reconciles the difference between what employers (and other income sources) have reported to the IRS and what the spouses will be reporting on their federal tax returns.
File Form 8379 when you become aware that all or part of your share of an overpayment was, or is expected to be, applied (offset) against your spouse's legally enforceable past-due obligations. You must file Form 8379 for each year you meet this condition and want your portion of any offset refunded.
Related Separation of Liability Relief. Equitable Relief. Injured Spouse Relief. Tax Relief for Spouses.
The allocation instructions are as follows: The wages should be allocated to each spouse as shown on their W-2 forms. The taxes withheld must also be divided as shown on the W-2 forms. The Standard or Itemized deductions must be allocated so that the non-injured spouse would be able to file as if they were single.
If the debt is from joint returns you filed together when married, the IRS can collect from either spouse even after the divorce. The IRS can collect from whomever has money, they don't have to collect 50/50 or honor your divorce agreement.
Can the IRS Deny an Injured Spouse Claim? Yes, the IRS may determine that someone filing Form 8379 is ineligible for an injured spouse allocation, or that they are not entitled to as much as they believe.
The injured spouse's share of the overpayment is computed by subtracting that spouse's share of the joint liability, determined in ance with the separate tax formula, from that spouse's contribution of credits toward the joint liability. The amount credited cannot exceed the amount of the joint overpayment.
You may be eligible for injured spouse relief if: You filed a joint return with your spouse. Your tax refund was applied to your spouse's overdue debts. You weren't responsible for the debt.
Yes, you can file Form 8379 electronically with your tax return. Generally: If you file Form 8379 with a joint return electronically, the time needed to process it is about 11 weeks.

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Form 8279 is a form used to claim a credit for the refundable portion of the credit for prior year minimum tax (PYMT) under the Internal Revenue Code.
Taxpayers who are eligible for a credit for refundable prior year minimum tax are required to file Form 8279.
To fill out Form 8279, taxpayers must provide their personal information, including name and Social Security number, and complete the section related to prior year minimum tax credit calculations, ensuring all necessary data is accurate.
The purpose of Form 8279 is to allow taxpayers to claim the refundable portion of the prior year minimum tax credit, which helps to reduce their current tax liability.
Form 8279 requires the reporting of personal identification information, prior year minimum tax amounts, and the calculations indicating the refundable credit being claimed.
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