Free 2008 Form 8865 - Federal

Form

8865

Return of U.S. Persons With Respect to Certain Foreign Partnerships
Attach to your tax return. See separate instructions. Information furnished for the foreign partnership's tax year beginning , 2008, and ending , 20
Filer's identifying number

OMB No. 1545-1668

2008
Attachment Sequence No.

Department of the Treasury Internal Revenue Service

118

Name of person filing this return

Filer's address (if you are not filing this form with your tax return)

A Category of filer (see Categories of Filers in the instructions and check applicable box(es)):

1

2

3
, 20

4
, and ending , 20

B Filer's tax year beginning

C D

Filer's share of liabilities: Nonrecourse $ Name Address

Qualified nonrecourse financing $ EIN

Other $

If filer is a member of a consolidated group but not the parent, enter the following information about the parent:

E

Information about certain other partners (see instructions)
(1) Name (2) Address (3) Identifying number (4) Check applicable box(es) Category 1 Category 2 Constructive owner

F1

Name and address of foreign partnership

2 EIN (if any) 3 Country under whose laws organized

4

Date of organization

5 Principal place of business

6 Principal business activity code number

7 Principal business activity

8a Functional currency

8b Exchange rate (see instr.)

G 1

Provide the following information for the foreign partnership's tax year: 2 Check if the foreign partnership must file: Name, address, and identifying number of agent (if any) in the United States Form 1042 Form 8804 Form 1065 or 1065-B Service Center where Form 1065 or 1065-B is filed: Name and address of foreign partnership's agent in country of organization, if any 4 Name and address of person(s) with custody of the books and records of the foreign partnership, and the location of such books and records, if different

3

5 Were any special allocations made by the foreign partnership? 6 Enter the number of Forms 8858, Information Return of U.S. Persons With Respect To Foreign Disregarded Entities, attached to this return (see instructions) 7 How is this partnership classified under the law of the country in which it is organized? 8 Did the partnership own any separate units within the meaning of Regulations section 1.1503-2(c)(3), (4), or 1.1503(d)-1(b)(4)? 9 Does this partnership meet both of the following requirements? The partnership's total receipts for the tax year were less than $250,000 and The value of the partnership's total assets at the end of the tax year was less than $1 million. If "Yes," do not complete Schedules L, M-1, and M-2.
Sign Here Only If You Are Filing This Form Separately and Not With Your Tax Return. Paid Preparer Sign and Complete Only If Form is Filed Separately.

Yes

No

Yes

No

Yes

No

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. Declaration of preparer (other than general partner or limited liability company member) is based on all information of which preparer has any knowledge.

Signature of general partner or limited liability company member Preparer's signature Firm's name (or yours if self-employed), address, and ZIP code Date

Date Check if self-employed EIN Phone no. Cat. No. 25852A ( ) Form Preparer's SSN or PTIN

For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.

8865

(2008)

Form 8865 (2008)

Schedule A

Page 2 Constructive Ownership of Partnership Interest. Check the boxes that apply to the filer. If you check box b, enter the name, address, and U.S. taxpayer identifying number (if any) of the person(s) whose interest you constructively own. See instructions.

a Name

Owns a direct interest Address

b

Owns a constructive interest Identifying number (if any)
Check if foreign person Check if direct partner

Schedule A-1

Certain Partners of Foreign Partnership (see instructions)
Name Address Identifying number (if any)
Check if foreign person

Does the partnership have any other foreign person as a direct partner?

Yes

No

Schedule A-2

Affiliation Schedule. List all partnerships (foreign or domestic) in which the foreign partnership owns a direct interest or indirectly owns a 10% interest.
Name Address EIN (if any) Total ordinary income or loss
Check if foreign partnership

Schedule B

Income Statement--Trade or Business Income

Caution. Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information.

1a b 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16a b 17 18 19 20 21 22

1a Gross receipts or sales 1b Less returns and allowances Cost of goods sold Gross profit. Subtract line 2 from line 1c Ordinary income (loss) from other partnerships, estates, and trusts (attach statement) Net farm profit (loss) (attach Schedule F (Form 1040)) Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) Other income (loss) (attach statement) Total income (loss). Combine lines 3 through 7 Salaries and wages (other than to partners) (less employment credits) Guaranteed payments to partners Repairs and maintenance Bad debts Rent Taxes and licenses Interest 16a Depreciation (if required, attach Form 4562) 16b Less depreciation reported elsewhere on return Depletion (Do not deduct oil and gas depletion.) Retirement plans, etc. Employee benefit programs Other deductions (attach statement) Total deductions. Add the amounts shown in the far right column for lines 9 through 20 Ordinary business income (loss) from trade or business activities. Subtract line 21 from line 8

1c 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16c 17 18 19 20 21 22
Form

Deductions

(see instructions for limitations)

Income

8865

(2008)

Form 8865 (2008)

Page

3

Schedule D Part I

Capital Gains and Losses

Short-Term Capital Gains and Losses--Assets Held One Year or Less
(a) Description of property (Example: 100 shares of "Z" Co.) (b) Date acquired (month, day, year) (c) Date sold (month, day, year) (d) Sales price (see instructions) (e) Cost or other basis (f) Gain or (loss) (see instructions) Subtract (e) from (d)

1

2 3 4

Short-term capital gain from installment sales from Form 6252, line 26 or 37 Short-term capital gain (loss) from like-kind exchanges from Form 8824 Partnership's share of net short-term capital gain (loss), including specially allocated short-term capital gains (losses), from other partnerships, estates, and trusts Net short-term capital gain or (loss). Combine lines 1 through 4 in column (f). Enter here and on Form 8865, Schedule K, line 8 or 11

2 3

4

5

5

Part II

Long-Term Capital Gains and Losses--Assets Held More Than One Year
(a) Description of property (Example: 100 shares of "Z" Co.) (b) Date acquired (month, day, year) (c) Date sold (month, day, year) (d) Sales price (see instructions) (e) Cost or other basis (f) Gain or (loss) (see instructions) Subtract (e) from (d)

6

7 8 9

Long-term capital gain from installment sales from Form 6252, line 26 or 37 Long-term capital gain (loss) from like-kind exchanges from Form 8824 Partnership's share of net long-term capital gain (loss), including specially allocated long-term capital gains (losses), from other partnerships, estates, and trusts Capital gain distributions Net long-term capital gain or (loss). Combine lines 6 through 10 in column (f). Enter here and on Form 8865, Schedule K, line 9a or 11

7 8

9 10

10 11

11
Form

8865

(2008)

Form 8865 (2008)

Page

4

Schedule K
1 2 3a b c 4 5 6

Partners' Distributive Share Items
1 2 3a 3b 3c 4 5 6a 6b 7 8 9a 9b 9c 10 11 12 13a 13b 13c(2) 13d 14a 14b 14c 15a 15b 15c 15d 15e 15f 16b 16c 16f 16h 16k 16l 16m 17a 17b 17c 17d 17e 17f 18a 18b 18c 19a 19b 20a 20b

Total amount

Ordinary business income (loss) (page 2, line 22) Net rental real estate income (loss) (attach Form 8825) Other gross rental income (loss) Expenses from other rental activities (attach statement) Other net rental income (loss). Subtract line 3b from line 3a Guaranteed payments Interest income Dividends: a Ordinary dividends b Qualified dividends 7 Royalties 8 Net short-term capital gain (loss) 9a Net long-term capital gain (loss) b Collectibles (28%) gain (loss) c Unrecaptured section 1250 gain (attach statement) 10 Net section 1231 gain (loss) (attach Form 4797) 11 Other income (loss) (see instructions) Type 12 13a b c d Section 179 deduction (attach Form 4562) Contributions Investment interest expense Section 59(e)(2) expenditures: (1) Type Other deductions (see instructions) Type

SelfEmploy- Deductions ment

Income (Loss)

(2) Amount

14a Net earnings (loss) from self-employment b Gross farming or fishing income c Gross nonfarm income 15a b c d e f Low-income housing credit (section 42(j)(5)) Low-income housing credit (other) Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) Other rental real estate credits (see instructions) Type Other rental credits (see instructions) Type Other credits (see instructions) Type

Credits Foreign Transactions

16a Name of country or U.S. possession b Gross income from all sources c Gross income sourced at partner level Foreign gross income sourced at partnership level d Passive category e General category f Other (attach statement) Deductions allocated and apportioned at partner level g Interest expense h Other Deductions allocated and apportioned at partnership level to foreign source income i Passive category j General category k Other (attach statement) l Total foreign taxes (check one): Paid Accrued m Reduction in taxes available for credit (attach statement) n Other foreign tax information (attach statement) 17a b c d e f 18a b c 19a b 20a b c Post-1986 depreciation adjustment Adjusted gain or loss Depletion (other than oil and gas) Oil, gas, and geothermal properties--gross income Oil, gas, and geothermal properties--deductions Other AMT items (attach statement) Tax-exempt interest income Other tax-exempt income Nondeductible expenses Distributions of cash and marketable securities Distributions of other property Investment income Investment expenses Other items and amounts (attach statement)

Other Information

Alternative Minimum Tax (AMT) Items

Form

8865

(2008)

Form 8865 (2008)

Page

5

Schedule L

Balance Sheets per Books. (Not required if Item G9, page 1, is answered "Yes.")
Assets
(a) Beginning of tax year (b) End of tax year (c) (d)

1 2a b 3 4 5 6 7 8 9a b 10a b 11 12a b 13 14 15 16 17 18 19 20 21 22

Cash Trade notes and accounts receivable Less allowance for bad debts Inventories U.S. government obligations Tax-exempt securities Other current assets (attach statement) Mortgage and real estate loans Other investments (attach statement) Buildings and other depreciable assets Less accumulated depreciation Depletable assets Less accumulated depletion Land (net of any amortization) Intangible assets (amortizable only) Less accumulated amortization Other assets (attach statement) Total assets Liabilities and Capital Accounts payable Mortgages, notes, bonds payable in less than 1 year Other current liabilities (attach statement) All nonrecourse loans Mortgages, notes, bonds payable in 1 year or more Other liabilities (attach statement) Partners' capital accounts Total liabilities and capital
Form

8865

(2008)

Form 8865 (2008)

Page

6

Schedule M

Balance Sheets for Interest Allocation
(a) Beginning of tax year (b) End of tax year

1 2

Total U.S. assets Total foreign assets: a Passive category b General category c Other (attach statement)

Schedule M-1

Reconciliation of Income (Loss) per Books With Income (Loss) per Return. (Not required if Item G9, page 1, is answered "Yes.")
6 Income recorded on books this year not included on Schedule K, lines 1 through 11 (itemize): a Tax-exempt interest $ Deductions included on Schedule K, lines 1 through 13d, and 16l not charged against book income this year (itemize): a Depreciation $

1 2

Net income (loss) per books Income included on Schedule K, lines 1, 2, 3c, 5, 6a, 7, 8, 9a, 10, and 11 not recorded on books this year (itemize): Guaranteed payments (other than health insurance) Expenses recorded on books this year not included on Schedule K, lines 1 through 13d, and 16l (itemize): a Depreciation $ b Travel and entertainment $ Add lines 1 through 4 Balance at beginning of year Capital contributed: a Cash b Property Net income (loss) per books Other increases (itemize): 6 7

7

3 4

8 9

5 1 2

Add lines 6 and 7 Income (loss). Subtract line 8 from line 5 Distributions: a Cash b Property Other decreases (itemize):

Schedule M-2

Analysis of Partners' Capital Accounts. (Not required if Item G9, page 1, is answered "Yes.")

3 4

8 9 5 Add lines 1 through 4

Add lines 6 and 7 Balance at end of year. Subtract line 8 from line 5
Form

8865

(2008)

Form 8865 (2008)

Schedule N

Page 7 Transactions Between Controlled Foreign Partnership and Partners or Other Related Entities

Important: Complete a separate Form 8865 and Schedule N for each controlled foreign partnership. Enter the totals for each type of transaction that occurred between the foreign partnership and the persons listed in columns (a) through (d).
Transactions of foreign partnership (a) U.S. person filing this return (b) Any domestic corporation or partnership controlling or controlled by the U.S. person filing this return (c) Any other foreign corporation or partnership controlling or controlled by the U.S. person filing this return (d) Any U.S. person with a 10% or more direct interest in the controlled foreign partnership (other than the U.S. person filing this return)

1 Sales of inventory 2 Sales of property rights (patents, trademarks, etc.) 3 Compensation received for technical, managerial, engineering, construction, or like services 4 Commissions received 5 Rents, royalties, and license fees received 6 Distributions received 7 Interest received 8 Other 9 Add lines 1 through 8 10 Purchases of inventory 11 Purchases of tangible property other than inventory 12 Purchases of property rights (patents, trademarks, etc.) 13 Compensation paid for technical, managerial, engineering, construction, or like services 14 Commissions paid 15 Rents, royalties, and license fees paid 16 Distributions paid 17 Interest paid 18 Other 19 Add lines 10 through 18 20 Amounts borrowed (enter the maximum loan balance during the year) --see instructions 21 Amounts loaned (enter the maximum loan balance during the year)--see instructions
Form

8865

(2008)