Form 8804 W PDF Details

Navigating the complexities of tax requirements for partnerships with foreign partners is critical, and this is where Form 8804-W comes into play. Designed by the Department of the Treasury and the Internal Revenue Service (IRS), this essential worksheet aids partnerships in calculating installment payments of Section 1446 tax, which pertains to effectively connected taxable income (ECTI) attributable to foreign partners. The form is structured to ensure that partnerships can accurately project their tax responsibilities and make quarterly installment payments to cover taxes due for their foreign partners' share of ECTI. It encompasses detailed steps to account for such income, applying different tax rates to various income types, including a 35% rate for non-corporate partners and rates for specific gains like 28% for rate gain and 25% for unrecaptured section 1250 gain. Additionally, Form 8804-W allows for adjustments based on state and local taxes, and certified foreign partner-level items, aiming to prevent underpayment penalties by accurately estimating the amount of tax payable throughout the tax year. It embodies a proactive approach to tax planning, offering methodologies like the Annualized Income Installment Method and the Adjusted Seasonal Installment Method, which tailor installment payments based on the partnership's income fluctuations throughout the year, ensuring that partnerships remain compliant with IRS requirements while managing their cash flow efficiently.

QuestionAnswer
Form NameForm 8804 W
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other namesf8804w form 8804 w 2011

Form Preview Example

7
8
1t
2
3
4
5
6
2
3
4
5
6
7

Form 8804-W

(WORKSHEET)

Department of the Treasury Internal Revenue Service

Installment Payments of Section 1446 Tax for Partnerships

▶Information about Form 8804-W and its instructions is available at www.irs.gov/form8804w.

For calendar year 2014, or tax year beginning

, 2014, ending

, 20

(Keep for the partnership’s records—Do not send to the Internal Revenue Service.)

OMB No. 1545-1991

2014

Part I Determination of Installment Payments

1

Allocable share of effectively connected taxable income (ECTI)

 

 

expected for the tax year for all foreign partners (see instructions):

 

a

Total ECTI allocable to corporate partners

1a

bReduction to line 1a for state and local taxes under Regulations section

 

1.1446-6(c)(1)(iii)

1b

(

)

 

 

c

Reduction to line 1a for certified foreign partner-level items submitted using Form 8804-C

1c

(

)

 

 

d

Combine lines 1a, 1b, and 1c

. . . . . . . . .

 

1d

 

e

Total ECTI allocable to non-corporate partners other than on lines 1i, 1m, and 1q

1e

 

 

 

 

f

Reduction to line 1e for state and local taxes under Regulations section 1.1446-6(c)(1)(iii)

1f

(

)

 

 

g

Reduction to line 1e for certified foreign partner-level items submitted using Form 8804-C

1g

(

)

 

 

h

Combine lines 1e, 1f, and 1g

. . . . . . . . .

 

1h

 

i

28% rate gain (non-corporate partners only)

1i

 

 

 

 

j

Reduction to line 1i for state and local taxes under Regulations section 1.1446-6(c)(1)(iii)

1j

(

)

 

 

k

Reduction to line 1i for certified foreign partner-level items submitted using Form 8804-C

1k

(

)

 

 

l

Combine lines 1i, 1j, and 1k

. . . . . . . . .

 

1l

 

m

Unrecaptured section 1250 gain (non-corporate partners only) . . .

1m

 

 

 

 

n

Reduction to line 1m for state and local taxes under Regulations section 1.1446-6(c)(1)(iii)

1n

(

)

 

 

o

Reduction to line 1m for certified foreign partner-level items submitted using Form 8804-C

1o

(

)

 

 

p

Combine lines 1m, 1n, and 1o

. . . . . . . . .

 

1p

 

qAdjusted net capital gain (including qualified dividend income and net

 

section 1231 gain) (non-corporate partners only)

1q

 

 

r

Reduction to line 1q for state and local taxes under Regulations section 1.1446-6(c)(1)(iii)

1r

(

)

s

Reduction to line 1q for certified foreign partner-level items submitted

 

 

 

 

using Form 8804-C

1s

(

)

t Combine lines 1q, 1r, and 1s . . . . . . . . . . . . . . . . . . . . . . .

Multiply line 1d by 35% . . . . . . . . . . . . . . . . . . . . . . . . .

Multiply line 1h by 39.6% . . . . . . . . . . . . . . . . . . . . . . . .

Multiply line 1l by 28% . . . . . . . . . . . . . . . . . . . . . . . . .

Multiply line 1p by 25% . . . . . . . . . . . . . . . . . . . . . . . . .

Multiply line 1t by 20% . . . . . . . . . . . . . . . . . . . . . . . . .

Add lines 2 through 6 . . . . . . . . . . . . . . . . . . . . . . . . . .

Note. If the aggregate line 7 amount of all foreign partners is less than $500, the partnership is not required to make estimated tax payments.

8Enter the total section 1446 tax that would have been due for 2013, without regard to

reductions for certified foreign partner-level items or state and local taxes under Regulations section 1.1446-6(c)(1)(iii), on ECTI allocable to all foreign partners for 2013 . . . . . . . .

Caution. This line 8 amount only applies if certain conditions are met (see instructions).

9Enter the smaller of line 7 or line 8 (however, see Caution below). If the line 8 amount does not

apply, enter the amount from line 7 on line 9

9

Caution. If, for any installment payment, line 7 is smaller than line 8 and you enter that smaller line 7 amount, you will not qualify for the prior year safe harbor when determining any penalty due on Schedule A (Form 8804) (see instructions).

10Installment due dates (see instructions) . . . . . . .

11Enter 25% of line 9 in columns (a) through (d). If the partnership uses the annualized income installment method or the adjusted seasonal

installment method, then enter the amount from line 43 . . . .

12Enter certain amounts paid or credited for each period (see instructions) . .

13Balance due. Subtract line 12 from line 11 . . . . . . .

10

11

12

13

(a)

(b)

(c)

 

 

 

(d)

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 40849X

Form 8804-W (2014)

Form 8804-W (WORKSHEET) 2014

 

 

 

 

 

Page 2

 

 

 

 

 

 

 

 

Part II

Adjusted Seasonal Installment Method (see instructions)

 

 

 

 

 

 

(Use this method only if the base period percentage for any 6 consecutive months is at least 70%.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

(b)

(c)

 

(d)

 

 

 

 

 

 

 

 

 

 

 

 

 

First 3

First 5

First 8

 

First 11

 

 

 

 

months

months

months

 

months

14

Enter ECTI allocable to all foreign partners for the following

 

 

 

 

 

 

 

periods:

 

 

 

 

 

 

a

Tax year beginning in 2011

14a

 

 

 

 

 

b

Tax year beginning in 2012

14b

 

 

 

 

 

c

Tax year beginning in 2013

14c

 

 

 

 

 

15

Enter ECTI allocable to all foreign partners for each period for

 

 

 

 

 

 

 

the tax year beginning in 2014 (see instructions for the

 

 

 

 

 

 

 

treatment of extraordinary items).

15

 

 

 

 

 

 

 

 

 

First 4

First 6

First 9

 

Entire year

 

 

 

 

months

months

months

 

 

 

 

 

 

 

16

Enter ECTI allocable to all foreign partners for the following

 

 

 

 

 

 

 

 

 

 

 

 

 

periods:

 

 

 

 

 

 

a

Tax year beginning in 2011

16a

 

 

 

 

 

b

Tax year beginning in 2012

16b

 

 

 

 

 

c

Tax year beginning in 2013

16c

 

 

 

 

 

17

Divide the amount in each column on line 14a by the amount

 

 

 

 

 

 

 

in column (d) on line 16a.

17

 

 

 

 

 

18

Divide the amount in each column on line 14b by the amount

 

 

 

 

 

 

 

in column (d) on line 16b.

18

 

 

 

 

 

19

Divide the amount in each column on line 14c by the amount

 

 

 

 

 

 

 

in column (d) on line 16c.

19

 

 

 

 

 

20

Add lines 17 through 19.

20

 

 

 

 

 

21

Divide line 20 by 3.0.

21

 

 

 

 

 

22a

Divide line 15 by line 21.

22a

 

 

 

 

 

b

Extraordinary items (see instructions).

22b

 

 

 

 

 

c

Combine lines 22a and 22b.

22c

 

 

 

 

 

23

Reduction to line 22c amount for state and local taxes under

 

 

 

 

 

 

 

Regulations section 1.1446-6(c)(1)(iii) and for certified foreign partner-

 

 

 

 

 

 

 

level items submitted using Form 8804-C (see instructions).

23

 

 

 

 

 

24

Subtract line 23 from line 22c. If zero or less, enter -0-.

24

 

 

 

 

 

25a

Multiply the ECTI on line 24 allocable to non-corporate

 

 

 

 

 

 

 

partners by 39.6%.

25a

 

 

 

 

 

b

Multiply the ECTI on line 24 allocable to corporate partners by

 

 

 

 

 

 

 

35%.

25b

 

 

 

 

 

c

Combine lines 25a and 25b.

25c

 

 

 

 

 

26a

Divide the amount in columns (a) through (c) on line 16a by the

 

 

 

 

 

 

 

amount in column (d) on line 16a.

26a

 

 

 

 

 

b

Divide the amount in columns (a) through (c) on line 16b by the

 

 

 

 

 

 

 

amount in column (d) on line 16b.

26b

 

 

 

 

 

c

Divide the amount in columns (a) through (c) on line 16c by the

 

 

 

 

 

 

 

amount in column (d) on line 16c.

26c

 

 

 

 

 

27

Add lines 26a through 26c.

27

 

 

 

 

 

28

Divide line 27 by 3.0.

28

 

 

 

 

 

29

Multiply the amount in columns (a) through (c) of line 25c by the

 

 

 

 

 

 

 

amount in the corresponding column of line 28. In column (d), enter

 

 

 

 

 

 

 

the amount from line 25c, column (d). See line 37 for instructions.

29

 

 

 

 

 

Form 8804-W (2014)

Form 8804-W (WORKSHEET) 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Part III

Annualized Income Installment Method (see instructions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

 

(b)

 

(c)

 

 

(d)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First

 

 

First

 

 

First

 

 

 

First

 

 

30 Annualization periods (see instructions).

 

30

months

 

months

 

months

 

 

months

31 Enter ECTI allocable to all foreign partners for each annualization period

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(see instructions for the treatment of extraordinary items):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

a

Total ECTI allocable to corporate partners.

 

31a

 

 

 

 

 

 

 

 

 

 

 

 

 

b

Total ECTI allocable to non-corporate partners other than on

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

lines 31c, 31d, and 31e.

 

31b

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

c

28% rate gain (non-corporate partners only).

 

31c

 

 

 

 

 

 

 

 

 

 

 

 

 

d

Unrecaptured section 1250 gain (non-corporate partners only).

31d

 

 

 

 

 

 

 

 

 

 

 

 

 

e

Adjusted net capital gain (including qualified dividend income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and net section 1231 gain) (non-corporate partners only).

 

31e

 

 

 

 

 

 

 

 

 

 

 

 

 

32 Annualization amounts (see instructions).

 

32

 

 

 

 

 

 

 

 

 

 

 

 

 

33 Annualized allocable share of ECTI for all foreign partners (see instructions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

for the treatment of extraordinary items, and for rules regarding the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

reductions for state and local taxes and certified foreign partner-level items):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

33

 

 

 

 

 

 

 

 

 

 

 

 

 

a

Total ECTI allocable to corporate partners (multiply line 31a by

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

line 32).

 

33a

 

 

 

 

 

 

 

 

 

 

 

 

 

b

Reduction to line 33a for state and local taxes

under

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulations section 1.1446-6(c)(1)(iii).

 

33b

(

)

(

 

)

(

 

)

(

)

c

Reduction to line 33a for certified foreign partner-level items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

submitted using Form 8804-C.

 

33c

(

)

(

 

)

(

 

)

(

)

d

Combine lines 33a, 33b, and 33c.

 

33d

 

 

 

 

 

 

 

 

 

 

 

 

 

e

Total ECTI allocable to non-corporate partners other than on

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

lines 31i, 31m, and 31q (multiply line 31b by line 32).

 

33e

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

f

Reduction to line 33e for state and local taxes

under

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulations section 1.1446-6(c)(1)(iii).

 

33f

(

 

)

(

 

)

(

 

)

(

)

g

Reduction to line 33e for certified foreign partner-level items submitted using Form 8804-C.

33g

(

)

(

 

)

(

 

)

(

)

h

Combine lines 33e, 33f, and 33g.

 

33h

 

 

 

 

 

 

 

 

 

 

 

 

 

i

28% rate gain allocable to non-corporate partners (multiply line 31c by line 32).

33i

 

 

 

 

 

 

 

 

 

 

 

 

 

j

Reduction to line 33i for state and local taxes under

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulations section 1.1446-6(c)(1)(iii).

 

33j

(

 

)

(

 

)

(

 

)

(

)

k

Reduction to line 33i for certified foreign partner-level items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

submitted using Form 8804-C.

 

33k

(

)

(

 

)

(

 

)

(

)

l

Combine lines 33i, 33j, and 33k.

 

33l

 

 

 

 

 

 

 

 

 

 

 

 

 

m Unrecaptured section 1250 gain allocable to non-corporate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

partners (multiply line 31d by line 32).

 

33m

 

 

 

 

 

 

 

 

 

 

 

 

 

n

Reduction to line 33m for state and local taxes

under

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulations section 1.1446-6(c)(1)(iii).

 

33n

(

)

(

 

)

(

 

)

(

)

o

Reduction to line 33m for certified foreign partner-level items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

submitted using Form 8804-C.

 

33o

(

)

(

 

)

(

 

)

(

)

p

Combine lines 33m, 33n, and 33o.

 

33p

 

 

 

 

 

 

 

 

 

 

 

 

 

q

Adjusted net capital gain (including qualified dividend income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and net section 1231 gain) allocable to non-corporate partners

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(multiply line 31e by line 32).

 

33q

 

 

 

 

 

 

 

 

 

 

 

 

 

r

Reduction to line 33q for state and local taxes

under

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulations section 1.1446-6(c)(1)(iii).

 

33r

(

 

)

(

 

)

(

 

)

(

)

s

Reduction to line 33q for certified foreign partner-level items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

submitted using Form 8804-C.

 

33s

(

)

(

 

)

(

 

)

(

)

t

Combine lines 33q, 33r, and 33s.

 

33t

 

 

 

 

 

 

 

 

 

 

 

 

 

34 Figure the tax on line 33 amounts as follows:

 

34

 

 

 

 

 

 

 

 

 

 

 

 

 

a

Multiply line 33d by 35%.

 

34a

 

 

 

 

 

 

 

 

 

 

 

 

 

b

Multiply line 33h by 39.6%.

 

34b

 

 

 

 

 

 

 

 

 

 

 

 

 

c

Multiply line 33l by 28%.

 

34c

 

 

 

 

 

 

 

 

 

 

 

 

 

d

Multiply line 33p by 25%.

 

34d

 

 

 

 

 

 

 

 

 

 

 

 

 

e

Multiply line 33t by 20%.

 

34e

 

 

 

 

 

 

 

 

 

 

 

 

 

f

Add lines 34a through 34e.

 

34f

 

 

 

 

 

 

 

 

 

 

 

 

 

35

Applicable percentage.

 

35

 

 

 

 

 

 

 

 

 

 

 

 

 

36 Multiply line 34f by line 35. See line 37 for instructions.

 

36

 

 

 

 

 

 

 

 

 

 

 

 

 

Form 8804-W (2014)

Form 8804-W (WORKSHEET) 2014

 

 

 

 

Page 4

 

 

 

 

 

 

 

Part IV

Required Installments Under Part II and/or Part III

 

 

 

 

 

 

 

 

 

(a)

(b)

(c)

(d)

 

Note. Complete lines 37 through 43 of one column before

 

 

 

 

 

 

 

1st

2nd

3rd

4th

 

completing the next column.

 

installment

installment

installment

installment

37

If only Part II or Part III is completed, enter the amount in each

 

 

 

 

 

 

 

 

 

 

 

column from line 29 or line 36. If both parts are completed, enter

 

 

 

 

 

 

the smaller of the amounts in each column from line 29 or line 36.

37

 

 

 

 

38

Add the amounts in all preceding columns of line 43 (see instructions).

38

 

 

 

 

39

Adjusted seasonal or annualized income installments.

 

 

 

 

 

 

Subtract line 38 from line 37. If zero or less, enter -0-.

39

 

 

 

 

40

Enter 25% of line 7 in each column.

40

 

 

 

 

41

Subtract line 43 of the preceding column from line 42 of the

 

 

 

 

 

 

preceding column.

41

 

 

 

 

42

Add lines 40 and 41.

42

 

 

 

 

43

Required installments. Enter the smaller of line 39 or line 42

 

 

 

 

 

 

here and on line 11.

43

 

 

 

 

Form 8804-W (2014)

How to Edit Form 8804 W Online for Free

You are able to fill in Form 8804 W instantly with our online PDF tool. The tool is constantly upgraded by us, getting powerful features and growing to be better. Here is what you would want to do to get started:

Step 1: Click the "Get Form" button above on this page to get into our PDF tool.

Step 2: The tool offers the capability to change nearly all PDF files in many different ways. Transform it by including personalized text, adjust original content, and add a signature - all doable in no time!

This PDF will need particular information to be filled out, thus be sure you take your time to provide precisely what is required:

1. Whenever filling in the Form 8804 W, make sure to include all needed fields within its corresponding area. It will help to hasten the process, enabling your details to be handled quickly and accurately.

Form 8804 W writing process outlined (step 1)

2. Just after finishing the last section, go on to the next part and fill out all required particulars in all these blanks - using Form C, section gain noncorporate, Multiply line d by Multiply, t Combine lines q r and s, Enter the total section tax that, q r, Caution This line amount only, Installment due dates instructions, see, and Enter of line in columns a.

Simple tips to fill out Form 8804 W stage 2

It's easy to get it wrong while filling in the Multiply line d by Multiply, therefore be sure you look again before you'll send it in.

3. The next part is usually easy - fill in every one of the form fields in Enter of line in columns a, For Paperwork Reduction Act Notice, Cat No X, and Form W to complete the current step.

Filling in section 3 in Form 8804 W

4. The fourth part arrives with all of the following empty form fields to look at: Enter ECTI allocable to all, a Tax year beginning in b Tax, Enter ECTI allocable to all, Enter ECTI allocable to all, a Tax year beginning in b Tax, Divide the amount in each column, Add lines through Divide line, a Divide line by line, a b c, a b c, a b c, First months, First months, First months, and Entire year.

Completing part 4 in Form 8804 W

5. The final stage to conclude this form is critical. Be sure you fill out the mandatory fields, including a Divide line by line, b Extraordinary items see, Reduction to line c amount for, Subtract line from line c If zero, a Multiply the ECTI on line, partners by, b Multiply the ECTI on line, c Combine lines a and b, a Divide the amount in columns a, amount in column d on line a, b Divide the amount in columns a, amount in column d on line b, c Divide the amount in columns a, amount in column d on line c, and Add lines a through c Divide line, prior to using the pdf. Neglecting to do this can lead to an incomplete and probably incorrect document!

Form 8804 W completion process described (step 5)

Step 3: Right after rereading the entries, press "Done" and you are done and dusted! Sign up with FormsPal now and immediately get Form 8804 W, available for downloading. All modifications you make are saved , which means you can change the form later when required. We don't share or sell any details that you type in while working with documents at FormsPal.

Form 8804 W isn’t the one you’re looking for?

Related Documents