This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
Be sure to supply all the information for Parts I, II and, if applicable, Part III. Your disclosure will be considered adequate
if you file Form
8275 and supply the information requested in detail.
Use Part IV on page 2 if you need more space for Part I or II. Indicate the corresponding part and line number from page 1.
You can use a
continuation sheet(s) if you need additional space. Be sure to put your name and identifying number on each sheet.
Column (a).
If you are disclosing a position contrary to a rule (such as a statutory position or IRS revenue ruling), you must
identify the rule in column (a).
Column (b).
Identify the item by name.
If any item you disclose is from a pass-through entity, you must identify the item as such. If you disclose items
from more than one pass-through
entity, you must complete a separate Form 8275 for each entity. Also, see
How To File on
page 1.
Column (c).
Enter a complete description of the item(s) you are disclosing.
Example.
If entertainment expenses were reported in column (b), then list in column (c) “theater tickets, catering expenses, and banquet hall rentals.”
If you claim the same tax treatment for a group of similar items in the same tax year, enter a description identifying
the group of items you are
disclosing rather than a separate description of each item within the group.
Columns (d) through (f).
Enter the location of the item(s) by identifying the form number or schedule and the line number in columns (d) and
(e) and the amount of the
item(s) in column (f).
Your disclosure must include:
-
A description of the relevant facts and the nature of the controversy affecting the tax treatment of the item, or
-
A concise description of the legal issues presented by these facts.
Disclosure will not be considered adequate unless (1) and (2) above are provided using Form 8275. For example, your disclosure
will not be
considered adequate if you attach a copy of an acquisition agreement to your tax return to disclose the issues involved in
determining the basis of
certain acquired assets. If Form 8275 is not completed and attached to the return, the disclosure will not be considered valid
even if the information
in (1) and (2) above is provided.
Line 4.
Contact your pass-through entity if you do not know where its return was filed. However, for partners and S corporation
shareholders, information
for line 4 can be found on the Schedule K-1 that you received from the partnership or S corporation.
