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.