About Form 8404, Interest Charge on DISC-Related-2025

Show details

4.5 out of 5

43 votes

Form 8404 is used by shareholders of Interest Charge Domestic International Sales Corporations (IC-DISCs) to calculate and report the interest owed on DISC-related deferred tax liabilities. The form requires details such as taxpayer identification, taxable income, and deferred DISC income. It must be filed separately from the income tax return by the due date of the federal income tax return. The document outlines who must file, when to file, where to send the form, and instructions for calculating the interest charge.

Here's how it works

01. Edit your turbotax 2024 deluxe online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send turbotax deluxe 2024 via email, link, or fax. You can also download it, export it or print it out.

How to modify About Form 8404, Interest Charge on DISC-Related online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making adjustments to your documentation requires only a few simple clicks. Follow these fast steps to modify the PDF About Form 8404, Interest Charge on DISC-Related online free of charge:

Register and log in to your account. Log in to the editor using your credentials or click on Create free account to evaluate the tool’s functionality.
Add the About Form 8404, Interest Charge on DISC-Related for editing. Click the New Document button above, then drag and drop the file to the upload area, import it from the cloud, or via a link.
Change your template. Make any adjustments needed: add text and images to your About Form 8404, Interest Charge on DISC-Related, underline details that matter, remove sections of content and substitute them with new ones, and insert icons, checkmarks, and areas for filling out.
Finish redacting the form. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the people involved.

Our editor is super easy to use and efficient. Try it now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What determines the income tax liability of an individual?

Your tax liability is the total amount of taxes you owe to the IRS or your state government each year. Your income tax liability is determined by your earnings, filing status, deductions, and credits. Certain deductions can lower the amount of income taxed, and credits can further reduce how much you owe.

What is the interest charge disc?

The Interest Charge Domestic International Sales Corporation (IC-DISC) offers significant Federal income tax savings for making or distributing US products for export. The IC-DISC was originally created by Congress to promote export sales by allowing companies to defer income, with interest charged on the deferred tax.

Who qualifies for IC disc?

IC-DISC benefits are available to qualified producers or distributors that are either directly involved in exporting, or selling products to distributors or wholesalers who resell for use outside of the U.S. This includes traditional manufacturers as well as those who grow agriculture products, extract minerals,

What does it mean to have no tax liability?

You have no tax liability if you arent required to file an income tax return or have no taxable income for the tax year.

Where does CD interest go on tax return?

Your bank or credit union will likely mail you a copy of your 1099-INT form, or you can access it through your online account. The interest youve earned will be in Box 1 of the form. Youll need to enter that number in the taxable interest section of whatever tax return form you file with the IRS.

irs penalty and interest calculator

About form 8404 interest charge on disc related irs About form 8404 interest charge on disc related 2021 About form 8404 interest charge on disc related 2022 Form 8404 instructions form 4876-a Form 8404 instructions 2022 form 1120-ic-disc IC-DISC deferral

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

What is form 8404?

More In Forms and Instructions Shareholders of Interest Charge Domestic International Sales Corporations (IC-DISCs) use this form to figure and report their interest owed on DISC-related deferred tax liability.

Do you have to pay tax on interest earned on CD?

Interest earned on CDs is considered taxable income by the IRS , regardless of whether the money is received in cash or reinvested. Interest earned on CDs with terms longer than one year must be reported and taxed every year, even if the CD cannot be cashed in until maturity.

What are the requirements for a disc?

To qualify as a DISC for a taxable year, a corporation must have, on each day of that taxable year, only one class of stock. The par value (or, in the case of stock without par value, the stated value) of the corporations outstanding stock must be on each day of the taxable year at least $2,500.

About Form 8404, Interest Charge on DISC-Related-2025

Here's how it works

How to modify About Form 8404, Interest Charge on DISC-Related online

Complete this form in 5 minutes or less

Got questions?

What determines the income tax liability of an individual?

What is the interest charge disc?

Who qualifies for IC disc?

What does it mean to have no tax liability?

Where does CD interest go on tax return?

Complete this form in 5 minutes or less

People also ask

What is form 8404?

Do you have to pay tax on interest earned on CD?

What are the requirements for a disc?

irs penalty and interest

Try more PDF tools