IRS Form 8804 Schedule A "Penalty for Underpayment of Estimated Section 1446 Tax by Partnerships"

What Is IRS Form 8804 Schedule A?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on January 1, 2017. The document is a supplement to IRS Form 8804, Annual Return for Partnership Withholding Tax (Section 1446). Check the official IRS-issued instructions before completing and submitting the form.

Form Details:

  • A 5-page form available for download in PDF;
  • This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
  • Editable, printable, and free;

Download a fillable version of IRS Form 8804 Schedule A through the link below or browse more documents in our library of IRS Forms.

ADVERTISEMENT
ADVERTISEMENT

Download IRS Form 8804 Schedule A "Penalty for Underpayment of Estimated Section 1446 Tax by Partnerships"

925 times
Rate
(4.4 / 5) 46 votes
Penalty for Underpayment of Estimated
Schedule A
OMB No. 1545-0123
(Form 8804)
Section 1446 Tax by Partnerships
2017
Attach to Form 8804.
Department of the Treasury
Go to www.irs.gov/Forms-Pubs/About-Schedule-A-Form-8804 for instructions and the latest information.
Internal Revenue Service
Name
Employer identification number
Note: Generally, the partnership isn’t required to file this Schedule A (see Part I below for exceptions) because the IRS will figure any penalty
owed and bill the partnership. However, the partnership may still use this Schedule A to figure the penalty. If so, enter the amount from line 65
of this Schedule A on line 8 of Form 8804, but don’t attach this Schedule A.
Reasons for Filing—Check the boxes below that apply. If any boxes are checked, the partnership must file
Part I
Schedule A (Form 8804) even if it doesn’t owe a penalty. See instructions.
The partnership is using the adjusted seasonal installment method.
The partnership is using the annualized income installment method.
Part II
Current Year and Prior Year Safe Harbors
1
Enter the total section 1446 tax shown on the partnership’s 2017 Form 8804, line 5f. If less than $500,
don’t complete or file this form. The partnership doesn’t owe the penalty .
.
.
.
.
.
.
.
.
.
1
2
Enter the total section 1446 tax that would have been due for 2016, without regard to reductions for
certified foreign partner-level items, on the effectively connected taxable income (ECTI) allocable to
foreign partners for 2016.
Caution: This line 2 amount only applies if certain conditions are met. See instructions .
.
.
.
.
.
2
3
Enter the smaller of line 1 or line 2. If the partnership is required to skip line 2, enter the amount from
line 1
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
3
Figuring the Underpayment
Part III
(a)
(b)
(c)
(d)
4
Installment due dates. Enter in columns (a) through (d)
the 15th day of the 4th, 6th, 9th, and 12th months of the
4
partnership’s tax year .
.
.
.
.
.
.
.
.
.
.
5
Required installments. If the partnership uses the
adjusted
seasonal
installment
method
and/or
the
annualized income installment method, enter the amounts
from line 43. If neither of those methods is used, enter
25% (0.25) of line 3 above in each column. “Large
partnerships,” see the instructions for the amount to enter
5
6
Estimated section 1446 tax paid or credited for each
period. See instructions. For column (a) only, enter the
amount from line 6 on line 10 .
.
.
.
.
.
.
.
.
6
Complete lines 7 through 13 of one column before
going to the next column.
7
Enter amount, if any, from line 13 of the preceding column
7
8
Add lines 6 and 7
.
.
.
.
.
.
.
.
.
.
.
.
8
9
Add amounts on lines 11 and 12 of the preceding column
9
10
Subtract line 9 from line 8. If zero or less, enter -0- .
.
10
11
If the amount on line 10 is zero, subtract line 8 from line 9.
11
Otherwise, enter -0- .
.
.
.
.
.
.
.
.
.
.
.
12
Underpayment. If line 10 is less than or equal to line 5,
subtract line 10 from line 5. Then go to line 7 of the next
12
column. Otherwise, go to line 13 .
.
.
.
.
.
.
.
13
Overpayment. If line 5 is less than line 10, subtract line 5
from line 10. Then go to line 7 of the next column
.
.
13
Go to Part VII on page 5 to figure the penalty. Don’t go to Part VII if there are no entries on line 12—no penalty is owed.
For Paperwork Reduction Act Notice, see separate instructions.
Cat. No. 40853F
Schedule A (Form 8804) 2017
Penalty for Underpayment of Estimated
Schedule A
OMB No. 1545-0123
(Form 8804)
Section 1446 Tax by Partnerships
2017
Attach to Form 8804.
Department of the Treasury
Go to www.irs.gov/Forms-Pubs/About-Schedule-A-Form-8804 for instructions and the latest information.
Internal Revenue Service
Name
Employer identification number
Note: Generally, the partnership isn’t required to file this Schedule A (see Part I below for exceptions) because the IRS will figure any penalty
owed and bill the partnership. However, the partnership may still use this Schedule A to figure the penalty. If so, enter the amount from line 65
of this Schedule A on line 8 of Form 8804, but don’t attach this Schedule A.
Reasons for Filing—Check the boxes below that apply. If any boxes are checked, the partnership must file
Part I
Schedule A (Form 8804) even if it doesn’t owe a penalty. See instructions.
The partnership is using the adjusted seasonal installment method.
The partnership is using the annualized income installment method.
Part II
Current Year and Prior Year Safe Harbors
1
Enter the total section 1446 tax shown on the partnership’s 2017 Form 8804, line 5f. If less than $500,
don’t complete or file this form. The partnership doesn’t owe the penalty .
.
.
.
.
.
.
.
.
.
1
2
Enter the total section 1446 tax that would have been due for 2016, without regard to reductions for
certified foreign partner-level items, on the effectively connected taxable income (ECTI) allocable to
foreign partners for 2016.
Caution: This line 2 amount only applies if certain conditions are met. See instructions .
.
.
.
.
.
2
3
Enter the smaller of line 1 or line 2. If the partnership is required to skip line 2, enter the amount from
line 1
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
3
Figuring the Underpayment
Part III
(a)
(b)
(c)
(d)
4
Installment due dates. Enter in columns (a) through (d)
the 15th day of the 4th, 6th, 9th, and 12th months of the
4
partnership’s tax year .
.
.
.
.
.
.
.
.
.
.
5
Required installments. If the partnership uses the
adjusted
seasonal
installment
method
and/or
the
annualized income installment method, enter the amounts
from line 43. If neither of those methods is used, enter
25% (0.25) of line 3 above in each column. “Large
partnerships,” see the instructions for the amount to enter
5
6
Estimated section 1446 tax paid or credited for each
period. See instructions. For column (a) only, enter the
amount from line 6 on line 10 .
.
.
.
.
.
.
.
.
6
Complete lines 7 through 13 of one column before
going to the next column.
7
Enter amount, if any, from line 13 of the preceding column
7
8
Add lines 6 and 7
.
.
.
.
.
.
.
.
.
.
.
.
8
9
Add amounts on lines 11 and 12 of the preceding column
9
10
Subtract line 9 from line 8. If zero or less, enter -0- .
.
10
11
If the amount on line 10 is zero, subtract line 8 from line 9.
11
Otherwise, enter -0- .
.
.
.
.
.
.
.
.
.
.
.
12
Underpayment. If line 10 is less than or equal to line 5,
subtract line 10 from line 5. Then go to line 7 of the next
12
column. Otherwise, go to line 13 .
.
.
.
.
.
.
.
13
Overpayment. If line 5 is less than line 10, subtract line 5
from line 10. Then go to line 7 of the next column
.
.
13
Go to Part VII on page 5 to figure the penalty. Don’t go to Part VII if there are no entries on line 12—no penalty is owed.
For Paperwork Reduction Act Notice, see separate instructions.
Cat. No. 40853F
Schedule A (Form 8804) 2017
2
Schedule A (Form 8804) 2017
Page
Adjusted Seasonal Installment Method (Caution: Use this method only if the base period percentage for
Part IV
any 6 consecutive months is at least 70%. See instructions.) (Fiscal year filers, see instructions.)
(a)
(b)
(c)
(d)
Check this box if the partnership has elected to attach a schedule
that expands lines 15 and 22 through 25 to reflect Regulations
First 3
First 5
First 8
First 11
months
months
months
months
section 1.1446-3(a)(2). See instructions .
.
.
.
.
.
.
.
14
Enter ECTI allocable to all foreign partners for the following periods:
a
Tax year beginning in 2014
14a
b
14b
Tax year beginning in 2015
c
Tax year beginning in 2016
14c
15
Enter ECTI allocable to all foreign partners for each period for the
tax year beginning in 2017 (see instructions for the treatment of
extraordinary items).
15
16
Enter ECTI allocable to all foreign partners for the following periods:
First 4 months First 6 months First 9 months
Entire year
a
Tax year beginning in 2014
16a
b
16b
Tax year beginning in 2015
c
Tax year beginning in 2016
16c
17
Divide the amount in each column on line 14a by the amount in
17
column (d) on line 16a.
18
Divide the amount in each column on line 14b by the amount in
column (d) on line 16b.
18
19
Divide the amount in each column on line 14c by the amount in
column (d) on line 16c.
19
20
20
Add lines 17 through 19.
21
Divide line 20 by 3.0.
21
22a
22a
Divide line 15 by line 21.
b
Extraordinary items. See instructions.
22b
c
Combine lines 22a and 22b.
22c
Reduction to line 22c amount for state and local taxes under
23
Regulations section 1.1446-6(c)(1)(iii) and for certified foreign
partner-level items submitted using Form 8804-C. See instructions.
23
24
Subtract line 23 from line 22c. If zero or less, enter -0-.
24
25a
Multiply the ECTI on line 24 allocable to non-corporate partners by
25a
39.6% (0.396).
b
Multiply the ECTI on line 24 allocable to corporate partners by 35%
25b
(0.35).
25c
c
Combine lines 25a and 25b.
26a
Divide the amount in columns (a) through (c) on line 16a by the
26a
amount in column (d) on line 16a.
b
Divide the amount in columns (a) through (c) on line 16b by the
26b
amount in column (d) on line 16b.
c
Divide the amount in columns (a) through (c) on line 16c by the
26c
amount in column (d) on line 16c.
27
27
Add lines 26a through 26c.
28
Divide line 27 by 3.0.
28
29
Multiply the amount in columns (a) through (c) of line 25c by
columns (a) through (c) of line 28. In column (d), enter the amount
from line 25c, column (d).
29
Schedule A (Form 8804) 2017
3
Schedule A (Form 8804) 2017
Page
Part V
Annualized Income Installment Method (Fiscal year filers, see instructions.)
(a)
(b)
(c)
(d)
First
First
First
First
30
Annualization periods. See instructions.
30
months
months
months
months
31
Enter ECTI allocable to all foreign partners for each annualization
period (see instructions for the treatment of extraordinary items):
a
31a
Total ECTI allocable to corporate partners.
b
Total ECTI allocable to non-corporate partners other than on lines
31c, 31d, and 31e.
31b
c
28% rate gain (non-corporate partners only).
31c
d
Unrecaptured section 1250 gain (non-corporate partners only).
31d
e
Adjusted net capital gain (including qualified dividend income and
31e
net section 1231 gains) (non-corporate partners only).
32
Annualization amounts. See instructions.
32
33
Annualized ECTI allocable to all foreign partners (see instructions
for the treatment of extraordinary items):
a
Total ECTI allocable to corporate partners (multiply line 31a by line
33a
32).
b
Reduction to line 33a for state and local taxes under Regulations
(
) (
) (
) (
)
section 1.1446-6(c)(1)(iii). See instructions.
33b
c
Reduction to line 33a for certified foreign partner-level items
(
) (
) (
) (
)
submitted using Form 8804-C. See instructions.
33c
d
33d
Combine lines 33a, 33b, and 33c.
e
Total ECTI allocable to non-corporate partners other than on lines
33i, 33m, and 33q (multiply line 31b by line 32).
33e
f
Reduction to line 33e for state and local taxes under Regulations
section 1.1446-6(c)(1)(iii). See instructions.
33f
g
Reduction to line 33e for certified foreign partner-level items
33g
submitted using Form 8804-C. See instructions.
h
Combine lines 33e, 33f, and 33g.
33h
i
28% rate gain allocable to non-corporate partners (multiply line
31c by line 32).
33i
j
Reduction to line 33i for state and local taxes under Regulations
33j
(
) (
) (
) (
)
section 1.1446-6(c)(1)(iii). See instructions.
k
Reduction to line 33i for certified foreign partner-level items
(
) (
) (
) (
)
submitted using Form 8804-C. See instructions.
33k
l
Combine lines 33i, 33j, and 33k.
33l
m Unrecaptured section 1250 gain allocable to non-corporate
33m
partners (multiply line 31d by line 32).
n
Reduction to line 33m for state and local taxes under Regulations
section 1.1446-6(c)(1)(iii). See instructions.
33n
(
) (
) (
) (
)
o
Reduction to line 33m for certified foreign partner-level items
(
) (
) (
) (
)
submitted using Form 8804-C. See instructions.
33o
p
Combine lines 33m, 33n, and 33o.
33p
q
Adjusted net capital gain (including qualified dividend income and
net section 1231 gains) allocable to non-corporate partners
(multiply line 31e by line 32).
33q
r
Reduction to line 33q for state and local taxes under Regulations
(
) (
) (
) (
)
section 1.1446-6(c)(1)(iii). See instructions.
33r
s
Reduction to line 33q for certified foreign partner-level items
33s
(
) (
) (
) (
)
submitted using Form 8804-C. See instructions.
t
Combine lines 33q, 33r, and 33s.
33t
34
Figure the tax on line 33 amounts as follows:
a
Multiply line 33d by 35% (0.35).
34a
b
Multiply line 33h by 39.6% (0.396).
34b
c
34c
Multiply line 33l by 28% (0.28).
d
34d
Multiply line 33p by 25% (0.25).
e
Multiply line 33t by 20% (0.20).
34e
f
Add lines 34a through 34e.
34f
Schedule A (Form 8804) 2017
4
Schedule A (Form 8804) 2017
Page
Part V
Annualized Income Installment Method (continued)
(a)
(b)
(c)
(d)
35
35
Applicable percentage.
25% (0.25)
50% (0.50)
75% (0.75)
100% (1.00)
36
Multiply line 34f by line 35.
36
Part VI
Required Installments
1st
2nd
3rd
4th
Note: Complete lines 37 through 43 of one column before completing
installment
installment
installment
installment
the next column.
37
If only Part IV or Part V is completed, enter the amount in each
column from line 29 or line 36. If both parts are completed, enter
the smaller of the amounts in each column from line 29 or line 36.
37
38
Add the amounts in all preceding columns of line 43. See instructions. 38
39
Adjusted seasonal or annualized income installments. Subtract
39
line 38 from line 37. If zero or less, enter -0-.
40
Enter 25% (0.25) of line 1 in each column. “Large partnerships,”
see the instructions for the amount to enter.
40
41
Subtract line 43 of the preceding column from line 42 of the
preceding column.
41
42
Add lines 40 and 41.
42
43
Required installments. Enter the smaller of line 39 or line 42 here
43
and on line 5. See instructions.
Schedule A (Form 8804) 2017
5
Schedule A (Form 8804) 2017
Page
Figuring the Penalty
Part VII
(a)
(b)
(c)
(d)
44 Enter the date of payment or the 15th day of the 3rd month
after the close of the tax year, whichever is earlier. See
instructions. Partnerships that keep their records and
books of account outside the United States and Puerto
Rico: Use 6th month instead of 3rd month.
44
45 Number of days from due date of installment on line 4 to the
date shown on line 44 .
.
.
.
.
.
.
.
.
.
.
.
45
46
46
Number of days on line 45 after 4/15/2017 and before 7/1/2017
.
.
47 $
$
$
$
47
Underpayment on line 12 × Number of days on line 46
× 4% (0.04)
365
48
48
Number of days on line 45 after 6/30/2017 and before 10/1/2017 .
.
49 $
$
$
$
49
Underpayment on line 12 × Number of days on line 48
× 4% (0.04)
365
50
50
Number of days on line 45 after 9/30/2017 and before 1/1/2018
.
.
51 $
$
$
$
51
Underpayment on line 12 × Number of days on line 50
× 4% (0.04)
365
52
52
Number of days on line 45 after 12/31/2017 and before 4/1/2018 .
.
53 $
$
$
$
53
Underpayment on line 12 × Number of days on line 52
× *% .
.
365
54
54
Number of days on line 45 after 3/31/2018 and before 7/1/2018
.
.
55 $
$
$
$
55
Underpayment on line 12 × Number of days on line 54
× *%
.
.
365
56
56
Number of days on line 45 after 6/30/2018 and before 10/1/2018 .
.
57 $
$
$
$
57
Underpayment on line 12 × Number of days on line 56
× *%
.
.
365
58
58
Number of days on line 45 after 9/30/2018 and before 1/1/2019
.
.
59 $
$
$
$
59
Underpayment on line 12 × Number of days on line 58
× *%
.
.
365
60
60
Number of days on line 45 after 12/31/2018 and before 4/1/2019 .
.
61 $
$
$
$
61
Underpayment on line 12 × Number of days on line 60
× *%
.
.
365
62
62
Number of days on line 45 after 3/31/2019 and before 5/16/2019 .
.
63 $
$
$
$
63
Underpayment on line 12 × Number of days on line 62
× *%
.
.
365
64 $
$
$
$
64
Add lines 47, 49, 51, 53, 55, 57, 59, 61, and 63
.
.
.
.
.
.
65
Penalty. Add columns (a) through (d) of line 64. Enter the total here and on Form 8804,
line 8 .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
65 $
* Use the penalty interest rate for each calendar quarter, which the IRS will determine during the first month in the preceding quarter. These
rates are published quarterly in an IRS News Release and in a revenue ruling in the Internal Revenue Bulletin (IRB). Go to www.irs.gov/irb for
the IRBs. You can subscribe to IRS Newswire to receive news releases of the quarterly interest rates, and IRS GuideWire to receive emails
with a link to the revenue rulings in which the quarterly interest rates are published by going to www.irs.gov/uac/e-news-subscriptions-2.
Schedule A (Form 8804) 2017