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Printable Form 8805 Rhode Island: What You Should Know
WHAT Frequently Asked Questions: Form 8805—Foreign Partner's Information Statement of Section 1446 Withholding Tax What is the form? The 8805 form is a form of information statement for foreign partners in an S-Corporation. Form 8805 is required for all active owners/managers and any active officers/officers of an S-Corporation (other than those owning, controlling, or managing the corporation). For more information, see “Who Can Use Form 8805?” in the IRS Publication 523 (Tax Guide for Small Business and Self-Employed People and the IRS Publication 529 (Tax Guide for Individuals)). When will the form be available? The form will be available beginning August 26th, 2022. The form may take up to 10 business days to process if there is a delay in receiving it from the state. If I already have the Form 8805, do I have to submit another form now? The 8805 is required only if you are adding, omitting, or changing a listing or item in a prior Form 8805. See the discussion in “Who Can Use Form 8805?” below. What if the S-Corp has a separate information statement from the Form 8805 for the primary owners and managers and/or the officer holding the Form 8805/Information Statement? For the purpose of determining what tax period, filing status, and effective date to use in figuring the effective tax amount, the S-Corp owner of the information statement should be considered as the owner of the Form 8805/Information Statement even if he/she has filed an annual return for one or more of the years. However, as discussed earlier, if the owner of the Form 8805/Information Statement is the S-Corporation, he/she should not file a new Form 8805, but instead file Form 8802-S, S-Corporation Information Statement and Quarterly Report of U.S. Source Income. What if I am an officer/managing officer of the S-Corp? The Form 8805 for the primary owner and managers and the officer holding the Form 8805/Information Statement will form part of this officer's return if he/she has previously filed an official return and then amended it before filing Form 8802-S. If this officer has filed an earlier personal income tax return and then filed an amended return before filing Form 8802-S, the Form 8605 will be used.
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