Financial

Form 8404

Form 8404

A form that a stockholder in an interest charge domestic international sales corporation files with the IRS to report interest owed on his/her tax liability, which, per the structure of an IC-DISC, is deferred.
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References in periodicals archive
The shareholder reports the interest charge on Form 8404, Interest Charge on DISC-Related Deferred Tax Liability, and does not change the shareholder's basis in the corporation's stock.
IRS issues blueprint for IC-DISC audits
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