Search results
11 wrz 2024 · Use this form to figure the interest due or to be refunded under the look-back method of section 460(b)(2) on certain long-term contracts that are accounted for under either the percentage of completion method or the percentage of completion-capitalized cost method.
Do not attach Form 8697 to your income tax return. Instead, file Form 8697 separately with the IRS at the applicable address listed below.
Form 8697, Interest Computation Under the Look-Back Method for Completed Long-Term Contracts, is used by taxpayers to calculate the interest due or to be refunded under the look-back method for long-term contracts that have been completed.
15 wrz 2023 · In addition to those changes in your tax bill, you have to calculate interest on IRS Form 8697. In this article, we’ll walk through this tax form, including: Different interest computation methods used, as well as how to select the correct method for your tax situation; How to complete IRS Form 8697; Frequently asked questions
Easily fill out and download the IRS Form 8697 Interest Computation Under the Look-Back Method for Completed Long-Term Contracts. Available in PDF and Word format.
16 paź 2023 · Form 8697 is utilized to calculate the total amount of interest due or refunded under the look-back method of section 460(b)(2), in the context of a certain long-term contract accounted for using either the percentage of completion or the percentage of completion-capitalized cost method.
This document contains official instructions for IRS Form 8697, Interest Computation Under the Look-Back Method for Completed Long-Term Contracts - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury.
