Form 8275-R

A form that one files with the IRS in order to report declarations made on a tax return in violation of U.S. Treasury regulation. One uses this form in order to avoid penalties otherwise assessed on inaccurate returns. It is used by individuals and corporations.

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Generally, in applying transitional relief for income tax returns, amended returns or refund claims, disclosure would be adequate if made on a Form 8275, Disclosure Statement, or Form 8275-R, Regulation Disclosure Statement, attached to the return, amended return, or refund claim, or pursuant to the annual revenue procedure authorized in Treas.

Sound of relief: IRS provides transitional relief for return preparer penalty

The penalty for negligence or disregard of rules or regulations is not imposed if the taxpayer adequately discloses his or her position on Form 8275 ("Disclosure Statement"), or Form 8275-R ("Regulation Disclosure Statement") for a "good faith" challenge to a regulation, and attaches it to the return or a qualified amended return.

New guidance helps CPAs minimize tax penalties

The new Form 8275-R must be attached to any return that takes a position contrary to IRS regulations.

Tax talk

In the case of an item or position that is not contrary to a regulation., disclosure must be made on Form 8275; however, a position or item contrary to a regulation must be disclosed on Form 8275-R, Regulation Disclosure Statement (Regs.

The complexities of calculating the accuracy-related penalty

A taxpayer's position is adequately disclosed if made on Form 8275 (or, in the case of a position contrary to a regulation, on Form 8275-R (75)) and attached to the taxpayer's return or qualified amended return.

Final regulations relating to the accuracy-related penalty

As a result, the IRS issued guidance (see REG-129243-07 and Notice 2008-13) that softened the impact of the new standard by allowing preparers to avoid application of the standard in some situations where a preparer provided the taxpayer a properly completed Form 8275, Disclosure Statement, or Form 8275-R, Regulation Disclosure Statement, for the position or disclosed certain information to the taxpayer about the position.

Tax preparer and taxpayer reporting standards equalized

Should a preparer decide that his or her student client has met the half support from earned income requirement, he or she should consider the need to include a Form 8275, Disclosure Statement, or Form 8275-R, Regulation Disclosure Statement, regarding Temp.

The new student tax

Disclosure may be made on Form 8275, Disclosure Statement, or Form 8275-R, Regulation Disclosure Statement, or on the return itself in accordance with the annual revenue procedure (Rev.

Proposed preparer penalty regs. released

For these purposes, disclosure generally is made on Form 8275, Disclosure Statement, or Form 8275-R, Regulation Disclosure Statement.

Forms 8275 and 8275-R: how much information is enough?

Attached to the Federal estate tax return was Form 8275-R, Regulation Disclosure Statement, in which the estate took the position that Regs.

TC upholds GSTT Regs

If the information provided does not so apprise the Service, a Form 8275 or Form 8275-R must be used to adequately disclose the item (see Part II of the instructions for those forms).

IRS releases 2006 "adequate disclosure" guidelines

He also filed Form 8275-R, Regulation Disclosure Statement, disclosing that he relied on then-pending proposed legislation (HR 2794, 107th Cong., 2d Sess.