What happens if you don't file Form 8915-B?

You may be subject to penalties if you don't file Form 8915-B. You should file the form as soon as possible to avoid any potential penalties.

What information is needed to complete Form 8915-B?

Information about your qualified disaster distribution, including the amount received and the type of retirement plan or IRA involved. You may also need information about any repayments made during the 3-year period following the date of the distribution.

How do you calculate the income tax on a qualified disaster distribution?

The income tax on a qualified disaster distribution is figured in Part II of Form 8915-B. The calculation involves determining your total distributions for the year and subtracting any excludable amounts, such as rollover contributions and repayments.

What is the Privacy Act and Paperwork Reduction Act Notice?

The Privacy Act notice explains that the information provided on Form 8915-B will be used by the Internal Revenue Service (IRS) to administer federal tax laws. The Paperwork Reduction Act notice explains that the form is subject to specific regulations regarding its average time and expenses.

Who should file Form 8915-B?

Taxpayers who received a qualified disaster distribution from a retirement plan, including an IRA, due to certain disasters declared after December 31, 2016.

When should Form 8915-B be filed?

Form 8915-B must be attached to your federal income tax return for the year of the qualified disaster distribution. If you didn't file a return for that year, you must file the form within 3 years from the due date (including extensions) of the return.

What is the deadline to file an amended Form 8915-B?

You may file an amended Form 8915-B if you need to correct an error or make a change due to a casualty loss, death, divorce, annulment, or legal separation. The deadline for filing an amended form is generally within 3 years from the due date (including extensions) of your original return.

What is the purpose of Form 8915-B?

To report and compute any income tax on qualified disaster distributions received from a retirement plan or an IRA due to certain disasters declared after December 31, 2016.

What is a qualified disaster distribution?

A withdrawal or distribution made from a retirement plan or an IRA on account of certain designated disasters. The withdrawal or distribution is not subject to the 10% additional tax that generally applies to early distributions.

Form 8915-B

Fill out this form

Create Web Form

Qualified 2017 Disaster Retirement Plan Distributions and Repayments

Rev. 2021

Form 8915-B is a tax form for reporting qualified disaster distributions and repayments from retirement plans and IRAs, other than IRAs. The form is related to coronavirus-related distributions and instructions can be found on IRS website. It should be attached to the 2021 Form 1040, 1040-SR or 1040-NR and filled with required information including Social Security number, home address, and foreign country details if applicable. The form has two parts: Part I for retirement plans other than IRAs and Part II for traditional, SEP, SIMPLE, and Roth IRAs. In each part, users need to enter amounts from the previous year's Form 8915-B, calculate excess repayments, and report total repayments made in 2021 that were not included in the previous form. The amounts can be carried back to reduce the amount subject to tax in a prior year. Users are required to sign and declare the information as true under penalties of perjury.

Instructions

Form 8915-B Instructions - Instructions for Form 8915-B, Qualified 2017 Disaster Retirement Plan Distributions and Repayments

Search tags

FAQ

What happens if you don't file Form 8915-B?
You may be subject to penalties if you don't file Form 8915-B. You should file the form as soon as possible to avoid any potential penalties.
What information is needed to complete Form 8915-B?
Information about your qualified disaster distribution, including the amount received and the type of retirement plan or IRA involved. You may also need information about any repayments made during the 3-year period following the date of the distribution.
How do you calculate the income tax on a qualified disaster distribution?
The income tax on a qualified disaster distribution is figured in Part II of Form 8915-B. The calculation involves determining your total distributions for the year and subtracting any excludable amounts, such as rollover contributions and repayments.
What is the Privacy Act and Paperwork Reduction Act Notice?
The Privacy Act notice explains that the information provided on Form 8915-B will be used by the Internal Revenue Service (IRS) to administer federal tax laws. The Paperwork Reduction Act notice explains that the form is subject to specific regulations regarding its average time and expenses.
Who should file Form 8915-B?
Taxpayers who received a qualified disaster distribution from a retirement plan, including an IRA, due to certain disasters declared after December 31, 2016.
When should Form 8915-B be filed?
Form 8915-B must be attached to your federal income tax return for the year of the qualified disaster distribution. If you didn't file a return for that year, you must file the form within 3 years from the due date (including extensions) of the return.
What is the deadline to file an amended Form 8915-B?
You may file an amended Form 8915-B if you need to correct an error or make a change due to a casualty loss, death, divorce, annulment, or legal separation. The deadline for filing an amended form is generally within 3 years from the due date (including extensions) of your original return.
What is the purpose of Form 8915-B?
To report and compute any income tax on qualified disaster distributions received from a retirement plan or an IRA due to certain disasters declared after December 31, 2016.
What is a qualified disaster distribution?
A withdrawal or distribution made from a retirement plan or an IRA on account of certain designated disasters. The withdrawal or distribution is not subject to the 10% additional tax that generally applies to early distributions.

HOW TO

How to fill out Form 8915-B for free, online in 3 easy steps:

1
Open form template in editor
Click on the “Get this template” button.
2
Fill out Form 8915-B
Wait a moment and you will be redirected to our online PDF Filler app.
3
Download file
Download your completed Form 8915-B for free. You can also save it to a cloud storage.

ABOUT

Tax forms

Form 8915-B is one of Tax forms that are documents used to report information about an individual's or business's income, deductions, and tax liability to the relevant tax authority. These forms are necessary to comply with tax laws and fulfill tax obligations. Tax forms vary depending on the country and the specific tax requirements in place. Here are some common types of tax forms:

Individual Tax Forms: These forms are used by individual taxpayers to report their personal income and claim deductions, credits, and exemptions. Examples include the 1040 form in the United States or the Self-Assessment Tax Return form in the United Kingdom.

Business Tax Forms: Business tax forms are used by companies, partnerships, or self-employed individuals to report their business income, expenses, and other tax-related information. Examples include the Schedule C form (Profit or Loss from Business) in the United States or the CT600 form (Company Tax Return) in the United Kingdom.

Payroll Tax Forms: These forms are used by employers to report the wages, salaries, and taxes withheld from their employees' paychecks. Examples include the W-2 form in the United States or the P60 form in the United Kingdom.

Sales Tax Forms: Sales tax forms are used by businesses to report and remit sales tax collected on taxable goods or services. The specific sales tax forms vary by jurisdiction.

Value Added Tax (VAT) Forms: VAT forms are used in countries that impose a value-added tax to report and remit VAT collected on sales and claim VAT credits for purchases. Examples include the VAT return forms used in many countries.

Estimated Tax Forms: Estimated tax forms are used to report and pay estimated taxes on income that is not subject to withholding, such as self-employment income or investment income.

These are just a few examples of the numerous tax forms that may exist. The specific forms required depend on the tax laws and regulations in your country or jurisdiction. It is important to consult the tax authority's guidelines or seek professional advice to determine which forms are applicable to your situation.

FEATURES

PDF Filler

The easiest way to fill Form 8915-B online

Quickly fill out Form 8915-B
Looking for a way to quickly fill Form 8915-B online? With our online free PDF form filler, you’ll know how to how to edit and fill this pdf document in less than a minute.
Easy to use online PDF editor
Fed up with printing out PDF files so you can edit them, before rescanning and sending them back? Edit PDF documents for free online. Use our online pdf editor to save time and paper.
Great tools, all platforms
Wondering how to fill in Form 8915-B on a Mac, or maybe how to use a PDF filler free? Our online PDF tools work on all platforms.
Secure file storage
Completed "Form 8915-B" files are stored in a secured database managed by Amazon Cloud hosting. You can delete your files from our system anytime. In any case, these files are automatically deleted after 24 hours.
Chat with Form 8915-B
Chat with "Form 8915-B" on Chatize that is a free PDF reader assistant. Ask questions and get answers from "Form 8915-B". Just click on Chat With Document button above.

Products

Docs

Websites

About