Attach Form 8816 to the Form 1120-PC, Form 1120-L, or Form 1120 filed for the tax year of the additional deduction and for each subsequent tax year that has a remaining amount of unpaid losses resulting from the deduction.

Form 8816 must be filed by insurance companies that elect to take an additional deduction under section 847. Consolidated return. Each member of a consolidated group claiming a section 847 deduction must file a separate Form 8816. Do not combine several taxpayers on one Form 8816.

Form 8615 must be filed for any child who meets all of the following conditions. The child had more than $2,600 of unearned income. The child is required to file a tax return. Was a full-time student at least age 19 and under age 24 at the end of 2024 and didn’t have earned income that was more than half of the child's support.

Attach Form 8816 to the Form 1120-PC, Form 1120-L, or Form 1120 filed for the tax year of the additional deduction and for each subsequent tax year that has a remaining amount of unpaid losses resulting from the deduction.

Internal Revenue Service. https://id.loc.gov/authorities/names/n79063888, (uuuu) Form 8816, special loss discount account and special estimated tax payments for insurance companies. Retrieved from the Digital Public Library of America , http://catalog.gpo.gov/F/?func=direct&doc_number=000560682&format=999

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Form 8816 must be filed by insurance companies that elect to take an additional deduction under section 847. Public Law 115-97, the Tax Cuts and Jobs Act (TCJA), repealed section 847 for tax years beginning after December 31, 2017.

Download or print the 2024 Federal Form 8816 (Special Loss Discount Account and Special Estimated Tax Payments for Insurance Companies) for FREE from the Federal Internal Revenue Service.

What is Form 8816? Form 8816 is used by insurance companies that elect to take an additional deduction under section 847. It must be submitted to the Internal Revenue Service.