Form8404 2010

Do not combine the interest charge with any other tax or interest due. Write your identification number and Form 8404 Interest Due on your payment. The base period T-bill rate factor for 2010 is. 003405771 for a 365-day tax year. Enter the appropriate factor on line 8 of Form 8404. Cat. No. 62423Z Form 8404 2010 Page 2 Item D Tax year. Enter in item D the calendar year or the beginning and ending dates of the tax year shown on your tax return for which the interest charge is figured. Special Computation Rules Carrybacks. Form Interest Charge on DISC-Related Deferred Tax Liability Department of the Treasury Internal Revenue Service A Check applicable box to show type of taxpayer Corporation Individual Trust or Decedent s estate OMB No. 1545-0939 File Form 8404 separately from your income tax return. See Where to file below. See Amended Form 8404 on page 1. Line 2. Enter the deferred DISC income from or within your tax year. Because your tax year ends with the ICDISC s tax year you are required to file Form 8404 on or before September 15 2011 21/2 months after your tax year ends. For other filers this interest is not deductible. Amended Form 8404. You are required to file an amended Form 8404 only if the amount of the DISC-related deferred tax liability line 7 changes as a result of audit adjustments For Privacy Act and Paperwork Reduction Act Notice see page 2. General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Purpose of form. Shareholders of Interest Charge Domestic International Sales figure and report their interest owed on DISCrelated deferred tax liability. Who must file. You must file Form 8404 if a you are a shareholder of an IC-DISC b the IC-DISC reports deferred DISC income to you on line 10 Part III of Schedule K Form 1120IC-DISC and c the addition of this income would result in increased taxable income if it were included on your tax return for the tax year. When to file. File Form 8404 by the due date of your federal income tax return excluding extensions for your tax year that ends with or includes the IC-DISC s tax year end. Name of shareholder B Shareholder s identifying number Address number street room suite or P. O. box number C IC-DISC s identifying City state and ZIP code D Shareholder s tax year for which interest charge is required to be paid see instructions E Name of IC-DISC Note. See line-by-line instructions. Taxable income or loss on tax return actual or estimated. Deferred DISC income from line 10 Part III Schedule K Form 1120-IC-DISC. Section 995 f 2 adjustments to line 1 income or loss. Combine lines 1 2 and 3. If zero or less do not file this form. Tax liability on line 4 amount. Tax liability per return actual or estimated. DISC-related deferred tax liability. Subtract line 6 from line 5. Base period T-bill rate factor. Paid Preparer Use Only. Under penalties of perjury I declare that I have examined this return including accompanying schedules and statements and to the best of my knowledge and belief it is true correct and complete.