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General Instructions corporations, the interest is due on the 15th year it is paid or accrued. See Proposed
day of the 3rd month following the close of Regulations section 1.995(f)-1(j)(2) for details
Section references are to the Internal Revenue the tax year. on the tax year of deductibility. For other
Code unless otherwise noted. Attach a check or money order made filers, this interest is not deductible.
Purpose of form. Shareholders of Interest payable to “United States Treasury” for the Amended Form 8404. You are required to file
Charge Domestic International Sales full amount of the interest charge. Do not an amended Form 8404 only if the amount of
Corporations (IC-DISCs) use Form 8404 to combine the interest charge with any other the DISC-related deferred tax liability (line 7)
figure and report their interest owed on tax or interest due. Write your identification changes as a result of audit adjustments,
DISC-related deferred tax liability. number and “Form 8404—Interest Due” on changes you make by the filing of an
your payment. Do not use Form 8109, Federal amended return, or if estimates were used on
Who must file. You must file Form 8404 if:
Tax Deposit Coupon. your original Form 8404 and changes were
(a) you are a shareholder of an IC-DISC;
If the interest charge is not paid by the due made to these estimates when you filed your
(b) the IC-DISC reports deferred DISC income
date, interest, compounded daily, at the rate tax return. See Proposed Regulations section
to you on line 10, Part III of Schedule K
specified under section 6621, will be imposed 1.995(f)-1(j)(4) for details.
(Form 1120-IC-DISC); and (c) the addition of
this income would result in increased taxable on the amount of unpaid interest from the
income if it were included on your tax return due date until the date the interest is paid. Specific Instructions
for the tax year. Payment of estimated tax is not required Name and address. Enter the name and
When to file. File Form 8404 by the due date for the interest charge. See Proposed address as shown on your tax return from
of your Federal income tax return (excluding Regulations section 1.995(f)-1(j)(3) for other which the income or loss on line 1 of Form
extensions) for your tax year that ends with or details. 8404 is obtained. If the return is a joint return,
includes the IC-DISC’s tax year end. also enter your spouse’s name as shown on
For corporations (other than S
Form 1040.
For example, you are a fiscal year corporations), the annual interest charge is
corporation with a July 1, 2005, to June 30, deductible as an interest expense for the tax
2006, tax year and you are a shareholder in
an IC-DISC with a July 1, 2005, to June 30,
2006, tax year that reports deferred DISC Where To File
income to you for its tax year ending June 30, File Form 8404 at the applicable IRS address listed below.
2006. Because your tax year ends with the
IC-DISC’s tax year, you are required to file If you checked the box in Use the following Internal Revenue
Form 8404 on or before September 15, 2006 Item A for: Service Center address:
(21⁄2 months after your tax year ends).
Corporation Cincinnati, OH 45999
Paying the interest charge. You must pay
the interest charge shown on line 9 by the Individual Philadelphia, PA 19255
date your Federal income tax for the tax year
Trust or Decedent’s estate Cincinnati, OH 45999
is required to be paid. For individuals, the
interest is due on the 15th day of the 4th
File Form 8404 separately from your income tax return (i.e., file them in separate envelopes).
month following the close of the tax year. For
Keep a copy for your records.
For Privacy Act and Paperwork Reduction Act Notice, see page 2. Cat. No. 62423Z Form 8404 (2005)
2
I.R.S. SPECIFICATIONS TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 8404, PAGE 2 of 2
MARGINS: TOP 13mm (1⁄2 "), CENTER SIDES. PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20. INK: BLACK
FLAT SIZE: 216mm (81⁄2 ") x 279mm (11")
PERFORATE: (NONE)
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT