Knowledge Base

14928: Form 8275

1040 Individual

What is Form 8275 and how can I produce it in the software?

Form 8275 is a Disclosure Statement that can be sent with the return to the IRS. Per the 8275 instructions:

"Form 8275 is used by taxpayers and tax return preparers to disclose items or positions, except those taken contrary to a regulation, that are not otherwise adequately disclosed on a tax return to avoid certain penalties. The form is filed to avoid the portions of the accuracy-related penalty due to disregard of rules or to a substantial understatement of income tax for non-tax shelter items if the return position has a reasonable basis. It can also be used for disclosures relating to the economic substance penalty and the preparer penalties for tax understatements due to unreasonable positions or disregard of rules. 


Form 8275 is filed by individuals, corporations, pass-through entities, and tax return preparers."

To access this form, go to Data Entry > Other Forms tab > 8275 Disclosure Statement screen. It is available in the 1040 and 1041 packages. 

For further instruction, please see the 8275 Instructions, or the Form 8275, itself.

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