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Cincinnati Ohio Form 8858: What You Should Know
Foreign Tax Credits. Form 8858 is used by those owning foreign (disregarded) entity(s). Form 8864 is used by those owning and operating FEE's or FB's (Form 8858) and for those owning the FEE's and FB who are not required to file their taxes with the IRS but are subject to U.S. withholding tax on their U.S. income. Information furnished for the FEE's or FB's Initial Form 8858. Final Form 8858. Form 8864 — Biodiesel and Renewable. Diesel Fuel Credits. Foreign Tax Credits. A new series for the 2 tax year (2) is included in form 8864, Renewable Fuel Credits and Renewable Diesel Fuel Credits, which replaces the series for the 2025 – 2025 tax year. The new series is tax-free, but the IRS will withhold tax from the FEE's or FB's if your annual income exceeds 100,000 for the year. To avoid the withholding, the FEE or FB should have to file a W-8BEN to report their U.S. income on their 2025 tax return with the W-5. The W-8 form does not have to be filed, but you should use Form 8868, U.S. Biodiesel and Renewable Fuel credit, to report U.S. Biodiesel and Renewable Fuel Credits on your 2025 – 2025 tax return for the 2025 tax year. You need to keep records of the Biodiesel or Renewable fuel Credits on Form 8868. Form 8858 is used by those owning foreign (disregarded) entity(s). Form 8864 is used by those owning and operating FEE's or FB's (Form 8858) and for those owning the FEE's and FB who are not required to file their taxes with the IRS but are subject to U.S. withholding tax on their U.S. income. Forms 8868 — W-8BEN; W-5A; (if you are not required to file a W-8) Tax Free Yearly Adjustments Form 8858 is used by people who have U.S. source income, but do not have business or trade income for the current tax year, but have foreign source income. Revenue Ruling 94-49: Foreign Partnership Income. Form 8938 — Information Return of U.S.
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