Instructions for IRS Form 8915-B Qualified 2017 Disaster Retirement Plan Distributions and Repayments

IRS Form 8915-B Qualified 2017 Disaster Retirement Plan Distributions and Repayments

This document contains official instructions for IRS Form 8915-B , Qualified 2017 Disaster Retirement Plan Distributions and Repayments - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8915-B is available for download through this link.

FAQ

Q: What is IRS Form 8915-B?A: IRS Form 8915-B is used to report qualified disaster distributions from retirement plans and the repayment of those distributions.

Q: Who needs to file IRS Form 8915-B?A: Individuals who received qualified disaster distributions from retirement plans and want to report them and/or repay them need to file IRS Form 8915-B.

Q: What are qualified disaster distributions?A: Qualified disaster distributions are distributions made from retirement plans in response to a qualified disaster.

Q: How can I repay qualified disaster distributions?A: Qualified disaster distributions can be repaid over a three-year period beginning on the day after the distribution was received.

Q: What are the consequences of not repaying qualified disaster distributions?A: If qualified disaster distributions are not repaid, they may be subject to income tax and early withdrawal penalties.

Q: Is there a deadline for filing IRS Form 8915-B?A: Yes, the deadline for filing IRS Form 8915-B is generally the same as the deadline for filing your federal income tax return, usually April 15th.

Q: Can I file IRS Form 8915-B electronically?A: Yes, IRS Form 8915-B can be filed electronically if you are using tax software that supports electronic filing.

Q: Do I need to attach any other forms or documents when filing IRS Form 8915-B?A: In most cases, you do not need to attach any other forms or documents when filing IRS Form 8915-B, unless specifically instructed to do so.