If the answers are not the same for all the years explain You That Individual Prepared or helped prepare the returns Gathered receipts and canceled checks Gave tax documents such as W-2s 1099s etc. to the person who prepared the returns Asked the person who prepared the returns to explain any items or amounts Reviewed the returns before filing them Did not review the returns before filing them Was not involved with preparing the return Other Explain if necessary Catalog Number 28730P www.irs.gov...Form 12508 Rev. 6-2021 Page 2 4. Form Department of the Treasury - Internal Revenue Service 12508 Questionnaire for Non-Requesting Spouse June 2021 We recognize that some of these questions involve sensitive subjects. However we need this information to evaluate the circumstances of the request for relief and properly determine whether relief should be given* If this form is not completed and returned the request for relief will be considered based on the information available to us. If the...requesting spouse petitions the Tax Court to review their request for relief the Tax Court may only be allowed to consider information you and the requesting spouse provided before we made our final determination additional information we included in our administrative file about the requesting spouse s request for relief and any information that is newly discovered or previously unavailable. Therefore it is important that you provide us with information you want us or the Tax Court to consider....Part I - Tell Us About Yourself 1. Your current name Your social security number Your current home address number street Apartment number City town or post office box state and ZIP code County Daytime phone number between 6 a*m* and 5 p*m* eastern time 2. What is the current status between you and your spouse for the years that relief was requested On this form we refer to your spouse for the years that relief was requested as that individual Married and living together Married living apart...since MM/DD/YYYY Legally separated since Divorced since Widowed since Note A divorce decree stating you must pay all taxes does not necessarily mean that individual will qualify for relief* If the information is not the same for all tax years explain* If you need more room to write your answer for any question attach more pages. Be sure to write your name and social security number on the top of all pages you attach. 3. How were both of you involved with preparing the returns during those tax...years Check all that apply and explain if necessary. When you filed the returns were any amounts owed to the IRS for those years Yes. Explain how the amounts owed were to be paid No 5. When that individual signed/filed any of the returns was he/she aware of any financial problems you were having for example bankruptcy or bills you could not pay Do not know 6. For those years what kinds of accounts did you have Check all that apply. Explain if the answers are not the same for all the years Joint...Separate Checking or money market Savings or certificate of deposit How did that individual use those accounts Check all that apply Made deposits Reviewed bank statements or balanced the checkbook Paid bills Knew how much money was in the account Made withdrawals from the account Did not know about the account Did not use the account 7.
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Instructions and Help about IRS 12508
How to edit IRS 12508
How to fill out IRS 12508
Instructions and Help about IRS 12508
How to edit IRS 12508
To edit IRS Form 12508, use a PDF editor like pdfFiller. Begin by uploading the completed form to the platform. Make the necessary adjustments by directly inputting data into the form fields, ensuring all information is accurate and complete.
How to fill out IRS 12508
When filling out IRS Form 12508, follow these general steps:
01
Access the form through the IRS website or a tax preparation service.
02
Provide all required information, including identification details and monetary amounts, where applicable.
03
Review the completed form before submission for any errors or omissions.
Latest updates to IRS 12508
Latest updates to IRS 12508
Stay informed about any recent updates regarding IRS Form 12508. The IRS regularly updates its forms and instructions to reflect legislative changes or improve usability. Check the official IRS website or reliable tax resources for the most current version and guidance.
All You Need to Know About IRS 12508
What is IRS 12508?
What is the purpose of this form?
Who needs the form?
When am I exempt from filling out this form?
Components of the form
Due date
What are the penalties for not issuing the form?
What information do you need when you file the form?
Is the form accompanied by other forms?
Where do I send the form?
All You Need to Know About IRS 12508
What is IRS 12508?
IRS Form 12508 is an application form used by payers to report certain types of payments to the IRS. This form captures critical information regarding payment transactions, ensuring compliance with IRS reporting requirements.
What is the purpose of this form?
The primary purpose of IRS Form 12508 is to provide the IRS with detailed reporting of specific payments made throughout the tax year. This helps maintain transparency in financial transactions and ensures accurate taxation for all parties involved.
Who needs the form?
Taxpayers who are involved in specific payment transactions that require reporting to the IRS must complete Form 12508. This typically includes businesses and individuals who make qualifying payments such as rewards, prizes, or other income that fall under IRS reporting guidelines.
When am I exempt from filling out this form?
You may be exempt from filing IRS Form 12508 if your payments do not meet the reporting thresholds or criteria established by the IRS. Additionally, certain types of payments may be exempt based on specific regulations. Always confirm with IRS guidelines or consult a tax professional for clarity.
Components of the form
IRS Form 12508 consists of several sections, including the payer's information, recipient's details, and a breakdown of the payments made. Accurate completion of each section is crucial for compliance and to avoid penalties.
Due date
IRS Form 12508 is generally due on the same day as your income tax return or at the end of the tax year, depending on the nature of the payments being reported. It is essential to verify specific deadlines for your situation to ensure timely filing.
What are the penalties for not issuing the form?
Failing to issue IRS Form 12508 when required can result in significant penalties. The IRS categorizes these penalties as failures to file correct information and may assess fines based on the number of forms not issued or the duration of the delay in filing.
What information do you need when you file the form?
When preparing IRS Form 12508, gather essential information such as the payer’s name, address, taxpayer identification number, recipient's details, and specific payment amounts. Accurate data collection is crucial for compliance.
Is the form accompanied by other forms?
IRS Form 12508 may need to be submitted alongside other forms depending on your specific reporting requirements. It is advisable to review the IRS instructions or consult a tax professional to ensure all necessary documentation is included during submission.
Where do I send the form?
After completion, IRS Form 12508 should be submitted to the IRS at the designated address specified in the instructions accompanying the form. Ensure you send it to the correct office to avoid processing delays.
FAQ about IRS 12508
What should I do if I need to amend a previously filed IRS 12508?
If you need to correct an error on an already submitted IRS 12508, you should file an amended version of the form. First, identify the specific errors that need correction, and then complete the new version of the form reflecting those changes. Ensure you mark the amended submission clearly in order to avoid processing delays.
How can I verify if my IRS 12508 submission was received by the IRS?
To confirm the receipt of your IRS 12508, you can use the IRS's e-file tracking tool, which provides updates on the status of your submission. Ensure you have details such as the submission date and your identification information handy to facilitate the process.
What common mistakes should I watch out for when filing the IRS 12508?
Common errors when filing the IRS 12508 include incorrect identification numbers and omission of required information. Double-check all fields for accuracy before submitting to ensure compliance and to avoid potential delays or rejections from the IRS.
Are there specific requirements for filing the IRS 12508 for foreign payees?
When filing the IRS 12508 for non-resident or foreign payees, additional documentation may be required to comply with IRS regulations. It's important to verify the specific residency and income guidelines applicable to the payee to ensure proper reporting and compliance.
What options do I have if my IRS 12508 filing is rejected when e-filing?
If your e-filed IRS 12508 is rejected, check the accompanying error codes provided by the software or IRS portal. You typically can correct the identified issues and re-submit the form through the same e-filing platform, ensuring all corrections are made before re-submission.
Use this catalog to find any type of IRS forms. We've gathered all of them under this section uncategorized to help you to find a proper form faster. Once you spot it on this list, have a look at the versions and schedules you might need as attachments. All returns are available for 2016 and for previous fiscal years.
