Form 8898 PDF Details

Changes in residence, especially when moving in or out of U.S. possessions, carry significant tax implications that require careful attention and compliance. Form 8898, officially titled "Statement for Individuals Who Begin or End Bona Fide Residence in a U.S. Possession," serves as a critical tool for this purpose, as revised in October 2021 by the Department of the Treasury and Internal Revenue Service. This form is specifically designed for people navigating the transition into or out of bona fide residence status in possessions like American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands. It mandates that individuals report this significant life change, providing details such as personal identification, addresses before and after the move, and intricate data concerning their presence in the U.S. or the possession in question, their economic ties, and where their primary connections lie during the tax year of the move. Form 8898 goes beyond simple reporting; it delves into assessing the taxpayer's closer connections to different locations and scrutinizes the source of their income, thereby informing tax liability in a nuanced manner. Importantly, it’s emphasized that this form should not be filed with the individual's tax return, underlining the separate and distinct process required to accurately declare one's tax status in relation to U.S. possessions.

QuestionAnswer
Form NameForm 8898
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesirs form 8898, irs 8898, irs 8898 get, irs form 8889

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Form 8898

Statement for Individuals Who Begin or End

 

 

Bona Fide Residence in a U.S. Possession

 

 

(Rev. October 2021)

 

OMB No. 1545-0074

▶ See separate instructions. ▶ Do not file with your tax return.

 

 

Department of the Treasury

 

 

▶ Go to WWW.IRS.GOV/FORM8898 for instructions and the latest information.

 

 

Internal Revenue Service

 

 

Name. If married, file a separate form for each spouse required to file Form 8898.

Your social security number:

 

 

 

 

Address before your change in bona fide residence status (see instructions):

Address after your change in bona fide residence status (see instructions):

Part I General Information

1

a

b

c

2

3

I am notifying the IRS that I (check box a or b below and enter the tax year in the space provided):

 

became

} a bona fide resident of a U.S. possession in tax year ▶

 

 

 

ceased to be

 

 

 

 

 

 

 

 

Of which U.S. possession did you become (or cease to be) a bona fide resident?

 

American Samoa

Guam

Commonwealth of the Northern Mariana Islands (CNMI)

Commonwealth of Puerto Rico

U.S. Virgin Islands

 

 

 

 

Are you a U.S. citizen or resident alien? See instructions . . . .

. . . . . . . . . . . . . .

Yes

Enter your average worldwide gross income for the 3-year period prior to the tax year you became (or ceased to

 

be) a bona fide resident of the possession. See instructions

 

 

 

 

 

 

 

 

No

Part II Presence in the United States or Possession

4a If you checked box a on line 1 above, enter the date (month/day/year) you moved to the possession to establish bona fide residence

bIf you checked box b on line 1 above, enter the date (month/day/year) you moved from the possession to end bona

 

fide residence

5

Enter the number of days you were present in the United States during the tax year. See instructions

6Enter the number of days you were present in the possession during:

a The tax year listed on line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . .

Note: Complete lines 6b and 6c if you were in the possession for less than 183 days during the tax year entered on line 1 and you are following the alternative to the 183-day rule of the presence test. See instructions.

b

The first tax year immediately preceding the tax year listed on line 1

 

 

c

The second tax year immediately preceding the tax year listed on line 1

 

 

7

Did you have a significant connection to the United States during the tax year? See instructions

Yes

No

8

Did you have any earned income from U.S. sources during the tax year? See instructions

Yes

No

 

If “Yes,” was the amount of the income more than $3,000?

. . . . . . . . . . . . . . . . .

Yes

No

Part III Closer Connection to the United States, Foreign Country, or Possession

9

Did you have a tax home outside the possession at any time during the tax year? See instructions

Yes

No

 

If “Yes,” where?

 

 

 

10Did you have a closer connection to the United States or a foreign country than to the possession at any time during

 

the tax year? See instructions

Yes

No

 

If “Yes,” where?

 

 

 

11

If you answered “Yes” to line 9 or 10, are you using the year-of-the-move exception? See instructions

Yes

No

12Where was your principal permanent home located during the tax year? See instructions.

13If you had more than one permanent home available to you at all times during the tax year, list the location of each:

14Where was your immediate family located during the tax year? See instructions.

15Where was your automobile(s) located during the tax year?

16Where was your automobile(s) registered during the tax year?

17Where were your personal belongings, furniture, etc., located during the tax year?

For Privacy Act and Paperwork Reduction Act Notice, see instructions.

Cat. No. 37706B

Form 8898 (Rev. 10-2021)

Form 8898 (Rev. 10-2021)

Page 2

 

 

Part III

Closer Connection to the United States, Foreign Country, or Possession (CONTINUED)

 

18Where was the bank(s) with which you conducted your routine personal banking activities during the tax year located?

a

 

 

 

c

 

 

 

b

 

 

 

d

 

 

 

19

Did you conduct business activities in a location other than your tax home?

Yes

No

 

If “Yes,” where?

 

 

 

20a

Where was your driver’s license issued?

 

 

 

bIf you hold a second driver’s license, where was it issued?

21

Were you registered to vote during the tax year?

Yes

No

 

If “Yes,” where?

 

 

 

 

22

Did you claim a homestead exemption for the tax year? See instructions

. . . . . . . . . . . . .

Yes

No

 

If “Yes,” where?

 

 

 

 

23When completing official documents, forms, etc., what address did you list as your residence?

 

Note: If you used more than one address, specify the type of documents, forms, etc., and the addresses used.

a

 

Address

 

b

 

Address

 

c

 

Address

 

d

 

Address

 

e

 

Address

 

24Where did you keep your personal, financial, and legal documents (for example, in the United States, possession, or other country)?

25Where did you derive the majority of your income for the tax year (for example, from the United States, possession, or other country)?

26

Did you have any income from U.S. sources for the tax year? See instructions

 

If “Yes,” what type(s)?

Yes

No

27

Did you have any income from possession sources for the tax year? See instructions

 

If “Yes,” what type(s)?

Yes

No

28Where were your investments located (for example, in the United States, possession, or other country)? See instructions.

Part IV Source of Income

29During the tax year, did you have an office in the possession from which you conducted a trade or business? . . .

If “Yes,” provide the address of that office and a short description of your trade or business:

Yes

No

30

During the tax year, did you receive compensation for personal services?

 

If “Yes,” where did you perform these services?

Yes

No

31During the tax year, did you manufacture an article in the possession for sale to customers? . . . . . . . .

32Did you sell or exchange appreciated property during the tax year after becoming a resident of the possession? . . If “Yes,” provide a short description of the property and the amount of the gain. See instructions.

Yes Yes

No No

33If you conducted a trade or business in the possession during the tax year, did that business consist of:

a

Receiving rents or royalties for the use of intangible property?

b

Receiving dividends or interest in connection with a banking, financing, or similar business?

c

The sale or exchange (outside the possession) of personal property consisting of stock in trade or inventory? . . .

Yes

Yes

Yes

No

No

No

Note: If you have any other information to substantiate your closer connection to the United States or the possession, or you wish to explain in more detail any of your responses, attach a statement to this form.

Sign

Here

Keep a copy for your records.

Under penalties of perjury, I declare that I have examined this form and the accompanying attachments, and to the best of my knowledge and belief, they are true, correct, and complete.

▲

 

▲

 

Your signature

Date

Form 8898 (Rev. 10-2021)

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Step number 1 of filling in 2020 individuals possession

2. After filling out the last step, go on to the subsequent stage and fill out all required details in all these blanks - Note Complete lines b and c if you, b The first tax year immediately, Did you have a significant, Part III Closer Connection to the, Did you have a tax home outside, Did you have a closer connection, Yes, Yes, Yes, Yes, Yes, If Yes where If you answered Yes, Yes, Where was your principal, and If you had more than one permanent.

Filling out section 2 of 2020 individuals possession

It is possible to get it wrong when filling out the Did you have a significant, for that reason you'll want to take another look before you'll send it in.

3. In this specific stage, have a look at Part III Closer Connection to the, Did you conduct business, Yes, a Where was your drivers license, If you hold a second drivers, Were you registered to vote, If Yes where Did you claim a, Yes, Yes, When completing official, Note If you used more than one, Address, Address, Address, and Address. Each of these are required to be filled out with greatest awareness of detail.

Stage # 3 for filling out 2020 individuals possession

4. All set to begin working on the next segment! In this case you'll get all these Did you have any income from US, Yes, Where were your investments, Part IV, Source of Income, During the tax year did you have, Yes, During the tax year did you, Yes, During the tax year did you, Yes, Yes, Yes, Yes, and Yes fields to complete.

During the tax year did you, Yes, and Source of Income inside 2020 individuals possession

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