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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 8995-A Schedule A
for the current year.
IRS Form 8995-A Schedule A Specified Service Trades or Businesses
What Is IRS Form 8995-A 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. The document is a supplement to IRS Form 8995-A, Qualified Business Income Deduction. As of today, no separate filing guidelines for the form are provided by the IRS.
FAQ
Q: What is IRS Form 8995-A?A: IRS Form 8995-A is a schedule used to calculate the qualified businessincome deduction for taxpayers who have income from specified service trades or businesses.
Q: What is the purpose of Schedule A on Form 8995-A?A: Schedule A on Form 8995-A is used to determine if a taxpayer's qualified business income deduction is limited due to income from specified service trades or businesses.
Q: What are specified service trades or businesses?A: Specified service trades or businesses are professions or trades that are considered to be in the fields of health, law, consulting, athletics, financial services, performing arts, and other similar fields.
Q: How does Schedule A affect the qualified business income deduction?A: Schedule A determines if a taxpayer's income from specified service trades or businesses exceeds the threshold set by the IRS, which may limit or eliminate their qualified business income deduction.
Q: Who needs to use IRS Form 8995-A?A: Taxpayers who have income from specified service trades or businesses and want to claim the qualified business income deduction should use IRS Form 8995-A.
Q: Is Form 8995-A the same as Form 8995?A: No, Form 8995-A is a schedule that is used in conjunction with Form 8995. Form 8995-A is specifically for taxpayers with income from specified service trades or businesses.
Q: What other forms or schedules are related to IRS Form 8995-A?A: IRS Form 8995 and Form 1040 are related to Form 8995-A, as they are used to calculate and report the qualified business income deduction.
Q: What is the deadline for filing IRS Form 8995-A?A: IRS Form 8995-A is typically filed along with your annual tax return, which is due by April 15th of the following year.
Q: Can I e-file IRS Form 8995-A?A: Yes, you can e-file IRS Form 8995-A along with your tax return if you are using tax software that supports this form.
Form Details:
- A 1-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;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 8995-A Schedule A through the link below or browse more documents in our library of IRS Forms.
