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Home of the Mustangs 8908 Old Santa Fe Road Kansas City, MO 64138 (816) 3167950 Office Hours 7:00 AM 3:30 PM PRINCIPAL Craig L. Merkerson SECRETARY Holly Caldwell ATTENDANCE CLERK Mia Estell COUNSELOR
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01
Obtain a copy of Form 8908 Old Santa Fe from the IRS website or an authorized tax professional.
02
Fill out the taxpayer information section including name, address, and social security number.
03
Complete the eligible small employer section by providing detailed information about the small employer's business activities and qualifications for the credit.
04
Calculate the amount of the credit using the appropriate tables and formulas provided in the instructions for Form 8908.
05
Sign and date the form before submitting it to the IRS along with any required documentation.

Who needs 8908 old santa fe?

01
Small employers who operate qualified businesses in designated empowerment zones or renewal communities may need to file Form 8908 Old Santa Fe to claim a tax credit.
02
Taxpayers looking to take advantage of tax incentives for hiring employees or investing in economically distressed areas may also need to utilize this form.
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Form 8908, often referred to as 'Old Santa Fe', is a tax form used to claim certain tax credits for the purchase of qualified property used in a trade or business.
Taxpayers who have purchased qualified property during the tax year and wish to claim related tax credits are required to file Form 8908.
To fill out Form 8908, taxpayers must provide detailed information about the qualified property acquired, including cost basis, date of purchase, and any relevant tax credits being claimed.
The purpose of Form 8908 is to facilitate the claiming of tax credits related to the purchase of qualified property, thereby incentivizing investment in business assets.
Form 8908 requires information such as the taxpayer's identification details, description of the property, date of acquisition, cost, and calculations for any credits being claimed.
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