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This form is used to request a determination letter from the IRS regarding employee plans, including the average benefit test and general tests related to nondiscrimination in contributions or benefits.
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How to fill out form 8717 - fedbbs

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How to fill out Form 8717

01
Obtain Form 8717 from the IRS website or your tax advisor.
02
Fill in your name, address, and taxpayer identification number in the appropriate fields.
03
Indicate the type of entity (individual, corporation, partnership, etc.) for which you are filing the form.
04
Complete the income section by reporting your gross receipts or sales.
05
Fill out the deductions section including all allowed expenses.
06
If applicable, report any credits or other tax benefits.
07
Review the form for accuracy and completeness.
08
Sign and date the form.
09
Submit the form to the appropriate IRS address as specified in the instructions.

Who needs Form 8717?

01
Taxpayers who are required to file Form 990 or 990-EZ, which includes organizations exempt from federal income tax, but also want to establish a record of their tax-exempt status.
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People Also Ask about

Employers get to deduct their contributions on the company's federal tax return and may even qualify for tax credits. A letter of determination shows that a plan meets all the requirements of the Employee Retirement Income Security Act of 1974 (ERISA) and qualifies for special tax treatment.
Expiration dates on determination letters issued to individually designed plans prior to January 4, 2016, are no longer operative. Letters issued after that date do not contain an expiration date (see Revenue Procedure 2016-37, Section 13).
Organizations applying for federal income tax exemption file Form 8718 with their determination letter application to record payment of the required user fee.
The price of user fees for requests processed by the IRS Office of Chief Counsel ranges from $150 to more than $28,000, depending on the type of request. It is important to the taxpayer that fees for these requests are processed accurately and refunded when required.
Purpose of a determination letter A determination letter lends legitimacy to an organisation's mission and establishes trust among donors regarding their investments. Without this letter, a non-profit would have to pay full federal income tax.
The fee for filing Form 5307 will increase to $1,200 (up from $1,000). The fee for filing Form 5300 or Form 5310 for a multiple-employer qualified plan will go up to $4,200 (up from $4,000).
How Long Does It Take for the IRS To Approve 501(c)(3) Status? The review process for an Application for Recognition for Exemption can take anywhere from between two and 12 months to complete.

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Form 8717 is a form used by organizations to request approval for the termination of a plan under section 403(b) of the Internal Revenue Code.
Organizations that maintain a 403(b) plan and wish to terminate the plan are required to file Form 8717.
To fill out Form 8717, organizations must provide information such as the plan name, identification number, contact information, and details related to the plan's termination.
The purpose of Form 8717 is to notify the IRS of the termination of a 403(b) plan and to ensure compliance with tax regulations.
Information that must be reported on Form 8717 includes the plan's name, address, employer identification number, and any relevant details regarding the termination process.
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