Instructions For Form 8886 - Reportable Transaction Disclosure Statement (Page 7 of 7) in pdf

Regulations section 1.6011-4(b)(4) for

known. Describe the relationship

in the instructions for their individual

more details.

between you and any related entity and

income tax return. The estimated

between or among any related entities

burden for all other taxpayers who file

If you checked box 2d, explain how

(as described in section 267(b) or

this form is shown below.

you calculated the basis of the asset for

707(b)).

which there was a loss.

Recordkeeping . . . . . . . . . .

12 hr., 54

If you need more space, follow the

Paperwork Reduction Act Notice.

min.

instructions under How To Complete

You are not required to provide the

Learning about the law or the

Form 8886 on page 5.

form . . . . . . . . . . . . . . . . . . 4 hr., 28 min.

information requested on a form that is

Preparing, copying,

subject to the Paperwork Reduction Act

Line 8

assembling, and sending the

unless the form displays a valid OMB

form to the IRS . . . . . . . . . . . 4 hr., 52 min.

control number. Books or records

List all individuals involved in the

relating to a form or its instructions

transaction. List all tax-exempt, foreign,

If you have comments concerning

must be retained as long as their

or related entities involved in the

the accuracy of these time estimates or

contents may become material in the

transaction. Check the applicable

suggestions for making this form

administration of any Internal Revenue

box(es) for the type of entity. Attach

simpler, we would be happy to hear

law. Generally, tax returns and return

additional sheets where appropriate.

from you. You can write to the Internal

information are confidential, as required

Provide all information, including the

Revenue Service, Tax Products

by section 6103.

name, EIN or SSN (include hyphens),

Coordinating Committee,

and address, if known.

The time needed to complete and

SE:W:CAR:MP:T:T:SP, 1111

file this form will vary depending on

Constitution Ave. NW, IR-6526,

Include a brief description of each

individual circumstances. The

Washington, DC 20224. Do not send

listed individual’s and each entity’s

estimated burden for individual

the form to this address. Instead, see

involvement in the transaction

taxpayers filing this form is approved

When and How To File on page 3.

(purchaser, lender, seller, broker, etc.).

under OMB control number 1545-0074

Provide the country of incorporation or

and is included in the estimates shown

existence for each foreign entity, if

-7-

Instructions for Form 8886 (Rev. 3-2010)

Instructions For Form 8886 - Reportable Transaction Disclosure Statement Page 7

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