Who Needs Form 8916-A?
US tax Form 8916-A is the Supplemental Attachment to Schedule M-3. Corporations With Total Assets of $10 Million or more need this form to explain in detail the data reported on Schedule M-3 for cost of goods sold, income and expense interest.
Is Form 8916-A Accompanied by any Other Documents?
Yes, 8916-A is not an independent document. It is an attachment to Schedule M-3, which in turn is an attachment to Form 1120 or Form 1120-C. Form 1120 is filed by domestic corporations, and Form 1120-C is used by cooperative associations. All types of the above-mentioned organizations whose total assets at the end of the corporation’s tax year equal or exceed $10 million are required to submit Schedule M-3 for Form 1120 or Form 1120-C.
When is Form 8916-A due?
The form does not have an independent due date for submission. It is to be filed as a single package with the primary Form 1120 or 1120-C and its Schedule M-3. The deadline for filing 8916-A may fall on different days, but the general rule is always the same: it must be directed to the IRS by the fifteenth day of the fourth month following the end of the tax year. If the corporation's tax year coincides with the calendar year, the due date is April 15th, unless it falls on a weekend or federal holiday. If it does, the due date is put off until the next business day.
How do I Fill out Form 8916-A?
Besides the form, the fillable document also contains instructions aimed to help you with filing. The form consists of three parts that are arranged as tables: Cost of Goods Sold; Interest Income; Interest Expense.
Where do I Send Filled out Form 8916-A?
The completed Form 8916-A must support Schedule M-3, which must support Form 1120 or 1120-C (whichever is applicable) and is directed to the local IRS office.
