Form 8752 - Required Payment Or Refund Under Section 7519 - 2017 Page 3
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Form 8752 (2017)
Page
Partnerships. Line 1 net income is the aggregate (not less than
Line 11. Required payment due. If you are enrolled in the
zero) of the partnership’s items of income and expense, other than
Electronic Federal Tax Payment System (EFTPS), you can pay your
tax-exempt income, nondeductible expenses, and guaranteed
balance due online or by phone. EFTPS is a free service provided
payments under section 707(c). When figuring this amount,
by the U.S. Department of Treasury. If you aren’t required to use
disregard any limitations at the partner level. For base years
EFTPS, you may still participate voluntarily. To pay the balance due,
beginning in 2016, line 1 should equal the amount on the 2016 Form
get more information, or enroll in EFTPS, visit or call
1065, line 1, of Analysis of Net Income (Loss), plus the aggregate
1-800-555-4477.
items of income and expense, if any, reported on the attached
To pay by check or money order. Enclose a check or money
statement for Schedule K, line 20c (but not less than zero).
order for the amount on line 11 payable to “United States Treasury.”
S corporations. Line 1 net income is the aggregate (not less than
Write the entity’s employer identification number and “Form 8752”
zero) of the corporation’s items of income and expense, other than
on the check or money order.
tax-exempt income and nondeductible expenses. When figuring this
Line 12. Refund of net prior year payments. No refund will be
amount, disregard any limitations at the shareholder level. For base
made before the later of: (a) April 17, 2018, or (b) 90 days after
years beginning in 2016, line 1 should equal the amount on the 2016
Form 8752 is filed per section 7519(c)(3). No interest will be paid on
Form 1120S, Schedule K, line 18, plus the aggregate items of
the amount refunded.
income and expense, if any, reported on Schedule K, line 17d (but
not less than zero). For this purpose, all S corporations must
Paperwork Reduction Act Notice. We ask for the information on
complete Schedule K, line 18.
this form to carry out the Internal Revenue laws of the United
If an S corporation was a C corporation for its base year, the
States. You are required to give us the information. We need it to
C corporation’s taxable income is treated as the net income of the
ensure that you are complying with these laws and to allow us to
S corporation for the base year. See Temporary Regulations section
figure and collect the right amount of required payment.
1.7519-1T(b)(5) for other details.
You are not required to provide the information requested on a
Line 2. Applicable payments. In general, the term “applicable
form that is subject to the Paperwork Reduction Act unless the form
payments” means any amount deductible in the base year that is
displays a valid OMB control number. Books or records relating to a
includible at any time, directly or indirectly, in the gross income of
form or its instructions must be retained as long as their contents
any partner or shareholder who was a partner or shareholder during
may become material in the administration of any Internal Revenue
the base year. However, the term doesn’t include guaranteed
law. Generally, tax returns and return information are confidential,
payments. Examples of applicable payments are officer’s
as required by section 6103.
compensation, wages, and rent paid to any partner or shareholder.
The time needed to complete and file this form will vary
If the S corporation was a C corporation for its base year,
depending on individual circumstances. The estimated burden for
applicable payments of the C corporation are treated as if received
business taxpayers filing this form is approved under OMB control
from an S corporation.
number 1545-0123 and is included in the estimates shown in the
instructions for their business income tax return.
Line 3. Deferral ratio. The deferral period is the number of months
between:
If you have suggestions for making this form simpler, we would
be happy to hear from you. You can send us comments from
• The beginning of the elected tax year, and
IRS.gov/FormComments. Or you can write to the Internal Revenue
• The close of the first required tax year ending within such a
Service, Tax Forms and Publications, 1111 Constitution Ave. NW,
year.
IR-6526, Washington, DC 20224. Don't send the form to this office.
Instead, see Where To File, earlier.
For example, the required tax year for an S corporation is the
calendar year, ending on December 31. If an S corporation elects a
tax year beginning on November 1, there would be 2 months
between the beginning of the elected tax year and the end of the
required tax year (December 31). The deferral period for the elected
tax year would be 2 months.
Line 9b. If you enter zero on line 9b and you didn’t make any prior
year required payment for which a refund can be claimed, enter
zero on line 10, skip lines 11 and 12, and complete the signature
section. You are required to file Form 8752 to show that you have a
zero liability for the applicable election year beginning in 2017.
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