Form 8804

What Is Form 8804?

The 8804 form is also known as Annual Return for Partnership Withholding Tax. It is covered by Section 1446 Internal Revenue Code, created by the Department of the Treasury Internal Revenue Service. It comes with attachments like form 8805 or form 8804-C.  

According to the IRS, this form is transmittal with the 8805 form. They are both made for partnerships. If the partnership has an international foreign partner and receives income connected to American trade or business, there will be taxes withheld from it. It means that you will have to fill 8804 or 8805 forms.

An IRS form 8804 is rather a yearly statement gathered from all the 8805 forms that were sent to the Department and the foreign partners. At the end of the year, a representative of the partnership has to complete this document and attach copies of all 8805 forms that were sent during the specified amount of time. Even if the withholding tax was not paid, the situation must be reported to the IRS.

What Do I Need the Form 8804 For?

• If you are part of the partnership and you work with a foreign investor or investors you have to make sure that you know what is form 8804 used for since you will have to send these reports every year. The document contains 8805 tax form information and the numbers must match;
• You need to use the form to make sure that IRS receives the appropriate information on the real situation with your company in case you work with both international investors and American businesses;
• The IRS keeps the records of your income earned in the partnership or not earned to make sure that the appropriate amount of taxes are withheld.

How to Fill Out Form 8804?

You have two ways to find tax form 8804, which are to search on the official website of the IRS, dig through an enormous amount of the forms that the department created during its history, or go to the PDFLiner and quickly find the blank you want. While IRS is the first source you have to check since they have created the form and you can check out for the new updates, PDFLiner offers online editing tools that allow you to complete the form the moment you open it.

The IRS does not have such an option, and all you can do there is download the blank and print it. After you complete the form on PDFLiner, you can save it on your computer, send it to the IRS online, or print it and send it by regular mail based on IRS requirements. To complete it, follow form 8804 instructions:

1. Provide the information on the tax year you begin your calculations with;
2. Include details on the partnership in part 1, providing the name, address, and EIN;
3. Share information about the withholding agent, including the name and the address. Don’t forget to indicate the EIN;
4. Provide detailed data on the tax liability and payments, including information on the foreign partners, total ECTI, gain, taxes, refund, overpayment, balance, and total payments;
5. Put your signature and the date.

Organizations That Work With Form 8804

• Department of the Treasury Internal Revenue Service.