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Use Form 8960 to figure the amount of your Net Investment Income Tax (NIIT). Definitions. Controlled foreign corporation (CFC). Generally, a CFC is any foreign corporation if more than 50% of its voting power or stock value is owned or considered owned by U.S. shareholders (as defined in section 951(b)) on any day during the tax year.
The latest versions of IRS forms, instructions, and publications. If a PDF file won't open, try downloading the file to your device and opening it using Adobe Acrobat. View more information about Using IRS Forms, Instructions, Publications and Other Item Files.
2023 Form 8960. For Paperwork Reduction Act Notice, see your tax return instructions.
26 gru 2023 · You'll learn key concepts like Modified Adjusted Gross Income thresholds, what income qualifies, who needs to file, how to calculate line items, where to access the 8960 PDF form, filing deadlines and methods, and strategies to reduce your tax liability.
This document contains official instructions for IRS Form 8960, Net Investment Income Tax - Individuals, Estates, and Trusts - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury.
2 lip 2024 · IRS Form 8960, Net Investment Income Tax-Individuals, Estates, and Trusts, is the form that taxpayers use to report net investment income. Form 8960 accompanies the respective taxpayer’s income tax return.
5 kwi 2024 · Learn how to calculate Net Investment Income Tax (NIIT) with IRS Form 8960 for individuals, estates, and trusts. Get IRS instructions and updates. File Form 8960 easily.
