# Form 8886

URL: https://pdf.net/pdf-forms/tax-forms/form-8886
Category: Tax Forms
Attributes: Trusted by accountants, Official IRS form, Filed annually

Form 8886, or Reportable Transaction Disclosure Statement is used to track participation in transactions the IRS considers potentially abusive. Our editable Form 8886 lets you type every entry cleanly, check your numbers, and download a print-ready copy.

## Versions

- 2019 — [download PDF](https://cdn.sanity.io/files/i16te7yp/production/7150cdd2bec2930dc0b1b1c867ac215f98bf6a77.pdf)

## How to Fill Out Form 8886

1. Open the blank Form 8886 in our editor.
2. Enter the statement number, tax year, and return form at the top.
3. Name the transaction and check its category on Line 2.
4. List the entities, advisors, and fees tied to the arrangement.
5. Describe the expected tax benefits and total investment on Lines 7a–7e.
6. Review every entry, then download Form 8886.

## Facts

### What Is Form 8886 Used For?

Form 8886 is used to disclose each reportable transaction you took part in during the tax year. The IRS sorts these into five categories:

1. Listed transactions
2. Confidential transactions
3. Transactions with contractual protection
4. Loss transactions
5. Transactions of interest

A typical Form 8886 example is a partnership claiming a $2 million loss.

### Who Should Use Form 8886?

IRS Form 8886 applies to any taxpayer who participated in a reportable transaction and files a federal tax or information return, including individuals, trusts, estates, partnerships, S corporations, and corporations. As for the Form 8886 filing threshold for individuals, it starts at a $2 million section 165 loss in a single year.

### When Is Form 8886 Due?

The Form 8886 due date matches the return that reports the transaction, extensions included, for every year you participated. First-time filers send an identical copy to the Office of Tax Shelter Analysis. A transaction listed after you entered it triggers a separate filing within 90 days.

### What Happens If Form 8886 Is Not Submitted?

If Form 8886 is not submitted, you may subject to penalties. Form 8886 penalties fall under section 6707A: i.e. 75% of the tax reduction claimed, with a $5,000 floor for individuals and $10,000 for other filers. Annual caps run to $10,000 and $50,000, rising to $100,000 and $200,000 for listed transactions. Accuracy penalties can add on top.

### How and Where Do I File Form 8886?

You meet the Form 8886 filing requirements by attaching the statement to your return, filed electronically or on paper. The first year, mail an exact copy to the IRS Office of Tax Shelter Analysis, OTSA Mail Stop 4915, 1973 Rulon White Blvd., Ogden, UT 84201. The Form 8886 instructions cover the narrower deadlines.