Form 8404 - Interest Charge On Disc-Related Deferred Tax Liability - 2017
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28404
Interest Charge on DISC-Related
OMB No. 1545-0123
Form
Deferred Tax Liability
2017
File Form 8404 separately from your income tax return. See Where to file below.
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Department of the Treasury
Go to for the latest information.
Internal Revenue Service
▶
A Check applicable box to
Name of shareholder
B Shareholder’s identifying
show type of taxpayer:
number
Address (number, street, room, suite, or P.O. box number)
Corporation
C IC-DISC’s identifying
Individual
number
City or town, state or province, country, and ZIP or foreign postal code
Trust or
Decedent’s estate
D Shareholder’s tax year for which interest charge is required to be paid (see instructions) E Name of IC-DISC
Note: See Line-by-Line Instructions, later.
1
Taxable income or loss on tax return (actual or estimated) .
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Deferred DISC income from line 10, Part III, Schedule K (Form 1120-IC-DISC) .
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Section 995(f)(2) adjustments to line 1 income or loss
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4
Combine lines 1, 2, and 3. If zero or less, don’t file this form .
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4
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Tax liability on line 4 amount
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Tax liability per return (actual or estimated) .
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DISC-related deferred tax liability. Subtract line 6 from line 5 .
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Base period T-bill rate factor
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9
Interest charge due. Multiply line 7 by line 8. (See Paying the interest charge below.)
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9
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Sign
Here
Signature and Title (if any)
Date
Print/Type preparer’s name
Preparer’s signature
Date
PTIN
Check
if
Paid
self-employed
Preparer
Firm’s name
Firm’s EIN
Use Only
▶
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Firm’s address
Phone no.
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Future Developments
Where to file. File Form 8404 at the following
Amended Form 8404. You are required to file
address.
an amended Form 8404 only if the amount of
For the latest information about developments
the DISC-related deferred tax liability (line 7)
Department of the Treasury
related to Form 8404 and its instructions,
changes as a result of audit adjustments,
Internal Revenue Service
such as legislation enacted after they were
changes you make by the filing of an
Cincinnati, OH 45999
published, go to .
amended return, or if estimates were used on
Paying the interest charge. You must pay
your original Form 8404 and changes were
General Instructions
the interest charge shown on line 9 by the
made to these estimates when you filed your
date your federal income tax for the tax year
tax return. See Proposed Regulations section
Section references are to the Internal Revenue
is required to be paid. For individuals and
1.995(f)-1(j)(4) for details.
Code unless otherwise noted.
corporations, the interest is generally due on
Purpose of form. Shareholders of Interest
the 15th day of the 4th month following the
Specific Instructions
Charge Domestic International Sales
close of the tax year. Corporations with a tax
Corporations (IC-DISCs) use Form 8404 to
Name and address. Enter the name and
year ending on June 30, see section
figure and report their interest owed on
2006(a)(3)(B) of P.L. 114-41.
address as shown on your tax return from
DISC-related deferred tax liability.
which the income or loss on line 1 of Form
Attach a check or money order made
8404 is obtained. If the return is a joint return,
Who must file. You must file Form 8404 if (a)
payable to “United States Treasury” for the
also enter your spouse’s name as shown on
you are a shareholder of an IC-DISC, (b) the
full amount of the interest charge. Don’t
Form 1040.
IC-DISC reports deferred DISC income to you
combine the interest charge with any other
on line 10, Part III of Schedule K (Form
tax or interest due. Write your identification
Item A—Type of taxpayer. Check the
1120-IC-DISC), and (c) the addition of this
number and “Form 8404—Interest Due” on
applicable box to indicate your status as a
income would result in increased taxable
your payment.
taxpayer.
income if it were included on your tax return
If the interest charge isn’t paid by the due
Partnerships and S corporations distribute
for the tax year.
date, interest, compounded daily, at the rate
their share of deferred DISC income to
When to file. File Form 8404 by the due date
specified under section 6621, will be imposed
partners and shareholders, and the partners
of your federal income tax return (excluding
on the amount of unpaid interest from the due
and shareholders complete Form 8404.
extensions) for your tax year that ends with or
date until the date the interest is paid.
Item B—Shareholder’s identifying number.
includes the IC-DISC’s tax year end.
Payment of estimated tax isn’t required for
Individuals must enter their social security
For example, you are a fiscal year
the interest charge. See Proposed
number. Other filers must enter their employer
corporation with an August 1, 2017, to July
Regulations section 1.995(f)-1(j)(3) for other
identification number.
31, 2018, tax year and you are a shareholder
details.
Item C—IC-DISC’s identifying number.
in an IC-DISC with an August 1, 2017, to July
For corporations (other than
Enter the identifying number of the IC-DISC
31, 2018, tax year that reports deferred DISC
S corporations), the annual interest charge is
from the Schedule K (Form 1120-IC-DISC) on
income to you for its tax year ending July 31,
deductible as an interest expense for the tax
which the deferred DISC income was reported
2018. Because your tax year ends with the
year it is paid or accrued. See Proposed
to you. If income is reported to you from more
IC-DISC’s tax year, you are required to file
Regulations section 1.995(f)-1(j)(2) for details
than one IC-DISC, enter each IC-DISC’s
Form 8404 on or before November 15, 2018
on the tax year of deductibility. For other
identifying number in item C, each IC-DISC’s
(3
/
months after your tax year ends).
1
2
filers, this interest isn’t deductible.
8404
For Privacy Act and Paperwork Reduction Act Notice, see instructions.
Form
(2017)
Cat. No. 62423Z
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