Form 8874 A PDF Details

Have you ever had to file an information return, such as Form 1096 or Form W-2G? If so, you may be familiar with the Form 8874. The 8874 is an information return used by nominees (such as a trust) to report the receipt of tax-exempt interest from a controlled foreign corporation (CFC). In this blog post, we will discuss what information is required on the 8874 and how to file it. We will also provide some examples to help make things a little bit clearer. So if you're ready, let's get started!

QuestionAnswer
Form NameForm 8874 A
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesf8874a_accessib le 8874 a form

Form Preview Example

Form 8874-A

(Rev. December 2011)

Department of the Treasury Internal Revenue Service

Notice of Qualified Equity Investment for

New Markets Credit

OMB No. 1545-2065

1

Name of qualified community development entity (CDE)

2

EIN of qualified CDE

 

 

 

 

3

If applicable, name of parent taxpayer with whom CDE files

4

If applicable, EIN of parent taxpayer with whom CDE files

 

a consolidated tax return

 

a consolidated tax return

 

 

 

 

5

Name of taxpayer making qualified equity investment

6

TIN of taxpayer making qualified equity investment

 

 

 

 

7

Date of qualified equity investment (mm/dd/yyyy)

8

Amount of qualified equity investment

 

 

 

 

9

Total allowable credit

 

 

 

 

 

 

10a

Allowable credit: Year 1

 

 

bAllowable credit: Year 2

cAllowable credit: Year 3

dAllowable credit: Year 4

eAllowable credit: Year 5

fAllowable credit: Year 6

gAllowable credit: Year 7

Please

Sign

Here

Under penalties of perjury, I declare that the qualified equity investment identified above was received by the CDE identified above.

▲

 

 

Signature of authorized official of CDE

Date

 

 

 

 

Type or print name

 

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 49311G

Form 8874-A (Rev. 12-2011)

Form 8874-A (Rev. 12-2011)

Page 2

 

 

General Instructions

Section references are to the Internal Revenue Code unless otherwise noted.

Purpose of Form

CDEs must provide notice to any taxpayer who acquires a qualified equity investment in the CDE at its original issue that the equity investment is a qualified equity investment entitling the taxpayer to claim the new markets credit. This form is used to make the notification as required under Regulations section 1.45D-1(g)(2)(i)(A).

Where To File

Department of the Treasury

Internal Revenue Service Center

Philadelphia, PA 19255-0549

When To File

The original signed form must be provided by the CDE to the taxpayer no later than 60 days after the date the taxpayer makes the investment in the CDE. Send a copy of the form to the IRS at the address listed above. Keep a copy for your records.

A separate form must be provided for each qualified equity investment.

Additional Information

For more details, see Form 8874, New Markets Credit, section 45D, Regulations section 1.45D-1, and www.cdfifund.gov.

Paperwork Reduction Act Notice

We ask for the information on this form to carry out the Internal Revenue laws of the United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103.

The time needed to complete and file this form will vary depending on individual circumstances. The estimated average time is:

Recordkeeping

4 hr., 32 min.

Learning about the

 

 

 

law or the form

. .

24

min.

Preparing and sending

 

 

 

the form to the IRS

. .

28

min.

If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would be happy to hear from you. You can email us at: taxforms@irs.gov. Enter “Form 8874-A Comment” on the subject line. Or write to: Internal Revenue Service, Tax Products Coordinating Committee, SE:W:CAR:MP:T:M:S, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Do not send the form to this address. Instead, see Where To File above.

How to Edit Form 8874 A Online for Free

You can work with Form 8874 A without difficulty by using our PDF editor online. The editor is consistently upgraded by us, getting useful features and becoming more versatile. To get the process started, consider these simple steps:

Step 1: Simply press the "Get Form Button" in the top section of this site to launch our form editor. Here you'll find everything that is required to work with your document.

Step 2: The tool enables you to modify the majority of PDF files in various ways. Change it by writing personalized text, adjust what is already in the document, and place in a signature - all manageable in no time!

This document will require you to enter specific information; in order to ensure consistency, please make sure to take heed of the next tips:

1. You have to complete the Form 8874 A correctly, so pay close attention when filling in the parts including all these fields:

How one can fill out Form 8874 A step 1

2. Once the last array of fields is done, you need to add the essential particulars in e Allowable credit Year, f Allowable credit Year, g Allowable credit Year, Under penalties of perjury I, Please Sign Here, Signature of authorized official, Type or print name, Date, For Paperwork Reduction Act Notice, Cat No G, and Form A Rev allowing you to proceed further.

The best ways to fill out Form 8874 A step 2

Always be very careful when completing g Allowable credit Year and Cat No G, since this is the part in which a lot of people make a few mistakes.

Step 3: Be certain that your details are right and simply click "Done" to continue further. After registering afree trial account at FormsPal, you will be able to download Form 8874 A or email it without delay. The form will also be readily accessible in your personal account menu with your changes. FormsPal provides risk-free document tools without personal data record-keeping or sharing. Rest assured that your data is in good hands with us!

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