Form 8275 - Disclosure Statement
Form 8275 is used by taxpayers and tax return preparers to disclose items or positions, except those taken contrary to a regulation, that are not otherwise adequately disclosed on a tax return to avoid certain penalties. The form is filed to avoid the portions of the accuracy-related penalty due to disregard of rules or to a substantial understatement of income tax for non-tax shelter items if the return position has a reasonable basis. It can also be used for disclosures relating to the economic substance penalty and the preparer penalties for tax understatements due to unreasonable positions or disregard of rules.
Who Should File
Form 8275 is filed by individuals, corporations, pass-through entities, and tax return preparers. If you are disclosing a position taken contrary to a regulation, use Form 8275-R, Regulation Disclosure Statement, instead of Form 8275.
To make an entry in the software: Click on the Federal option from the left-hand menu, then click on Other Forms, click on Show More next to Uncommon Items, and click Start next to Disclosure Statement/Regulation Disclosure Statement - Form 8275 / Form 8275-R.
Please see: Instructions for Form 8275 (10/2024) | Internal Revenue Service