Form 8858 is the IRS information return U.S. persons file to report ownership of a foreign disregarded entity or a foreign branch. On pdf.net, you can easily complete our fillable Form 8858 online and get a ready-to-file document in a matter of minutes.
Form 8858
2024
Trusted by accountants
Official IRS form
Filed annually
Form 8858
2024
Trusted by accountants
Official IRS form
Filed annually
Form 8858 is the IRS information return U.S. persons file to report ownership of a foreign disregarded entity or a foreign branch. On pdf.net, you can easily complete our fillable Form 8858 online and get a ready-to-file document in a matter of minutes.
How to Fill Out Form 8858
- Open the printable Form 8858
- Enter filer and FDE/FB identifying details
- Complete income, balance sheet, and Schedule M data
- Review entries for accuracy
- Attach it to your tax return
- Save the completed Form 8858
What Is Form 8858 Used For?
IRS Form 8858 is used to report information about foreign disregarded entities (FDEs) and foreign branches (FBs) owned by U.S. persons. It satisfies IRS reporting requirements under sections 6011, 6012, 6031, and 6038, including Schedule M transactions between the FDE or FB and related parties.
Who Should Use Form 8858?
Certain U.S. persons that directly or indirectly own a foreign disregarded entity or operate a foreign branch should use Form 8858. It can also apply to certain Category 4 or 5 filers of Form 5471 and Category 1 or 2 filers of Form 8865 when the related foreign corporation or partnership owns an FDE or operates an FB.
When Is Form 8858 Due?
There's no separate Form 8858 due date; it should be filed as an attachment to the filer's income tax return, including Form 1040, 1120, or 1065, and is due, with extensions, whenever that underlying return is due.
What Happens If Form 8858 Is Not Submitted?
Not submitting it can result in an initial Form 8858 penalty of $10,000, with an additional $10,000 penalty for each 30-day period the failure continues after 90 days from an IRS notice, up to an additional $50,000 per failure. The IRS may also reduce certain foreign tax credits and extend the period during which it can assess tax.
How and Where Do I File Form 8858?
You file Form 8858 as an attachment to the applicable income tax or information return, or to a related Form 5471 or Form 8865 when required. Follow the filing instructions for the underlying return, including its applicable electronic filing or mailing procedures.
How to Get Your Form 8858
1Access our editable Form 8858
2Enter your entity and ownership details
3Download Form 8858 to your device
#1. How do I get a blank Form 8858?
You can get a blank Form 8858 directly on pdf.net, so you don’t need to search through the IRS website. Open our editor, and you'll have an empty, ready-to-fill template loaded instantly, so you can start entering your foreign entity information right away.
#2. Can I submit Form 8858 electronically?
Yes, you can submit Form 8858 electronically. Since it’s attached to your income tax return, you file it this way whenever your underlying return supports e-file. You can complete it in our editor, download the final version, and attach it to your return before submitting.
#3. What if my Form 8858 is missing information?
If your Form 8858 is missing information, this will be considered a failure to provide required information and can result in IRS penalties. Review the form carefully and use the official Form 8858 instructions to make sure all required fields, schedules, and attachments are complete before filing.
#4. Can I fill out Form 8858 online?
Yes, you can fill out your Form 8858 online; our editable version of the document lets you complete every field directly in your browser. No printing, scanning, or software installs are required; you just open the form, type in your entity details (you can use a Form 8858 example as a reference), and download a finished copy when you're done.
#5. Is this form free?
Yes, accessing and filling out Form 8858 on pdf.net is free, but if you want to download the finished document, you need to start a paid subscription plan.
#6. Can I correct mistakes on Form 8858?
Yes, you can correct mistakes on Form 8858 even after filing by filing an amended return for the underlying tax or information return and including a corrected version. The exact amendment procedure depends on the return to which the form was attached. Also, to avoid this, make sure you check out Form 8858 filing requirements and instructions before completing the document.
#7. How long does it take to process Form 8858?
The IRS does not provide a separate processing time for Form 8858 because it is filed with an underlying tax or information return. Electronically filed individual and business returns are generally processed within about 21 days, although returns that require additional review may take longer.