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Form 8613 (Rev. 10-2016) Page 2
General Instructions Who Must Sign Specific Instructions
Section references are to the Internal Form 8613 must be signed and dated by Period covered. Show the calendar year
Revenue Code. the president, vice president, treasurer, for which the return is filed at the top of
assistant treasurer, chief accounting the form. Figure income on a calendar
Future Developments officer, or by any other officer (such as year basis even if the fund files its
The IRS has created a page on IRS.gov tax officer) authorized to sign. Receivers, income tax return and keeps its books
for information about Form 8613, at trustees, or assignees must also sign and records on a fiscal year basis.
www.irs.gov/form8613. Information and date any return filed on behalf of a
about any future developments affecting fund. Address. Include the suite, room, or
other unit number after the street
Form 8613 such as legislation enacted Note: If this return is being filed for a address. If the Post Office does not
after we release it will be posted on that series fund (see section 851(g)(2)), the deliver mail to the street address and the
page. return may be signed by any officer fund has a P.O. box, show the box
authorized to sign for the RIC in which number instead.
Purpose of Form the fund is a series.
Election under section 4982(e)(4). This
Use Form 8613 to figure and pay the election is available to funds whose tax
excise tax on undistributed income Rounding Off to Whole
years end in November or December. If
under section 4982. The tax is 4% of the Dollars the fund qualifies, it may substitute its
excess, if any, of the required The fund may show amounts on the tax year for the 1-year period ending on
distribution over the distributed amount. return as whole dollars. To do so, drop October 31.
Also use Form 8613 to make the any amount less than 50 cents and If the RIC makes the election, Form
section 4982(e)(4) election. increase any amount from 50 cents 8613 must be filed even if no tax is due.
through 99 cents to the next higher The election is made no later than the
Who Must File dollar. time for filing Form 8613 (including
Any regulated investment company (RIC) extensions) for the year in which the
that is liable for the tax on undistributed Interest and Penalties election will apply. Once made, the
income or that makes an election under Interest. Interest is charged on taxes election is revocable only with IRS
section 4982(e)(4) must file Form 8613. A paid late even if an extension of time to consent.
RIC that makes this election must file the file is granted. Interest is also charged on
form even if no tax is due. penalties imposed for failure to file, Required Distribution
If a RIC has more than one fund, each negligence, fraud, and substantial Line 1a. Include on this line the following
fund files a separate Form 8613. The understatements of tax from the due types of income.
term “fund” refers to a series fund as date (including extensions) to the date of
defined in section 851(g) and to any RIC payment. The interest charge is figured 1. Adjustments that result in the
that does not have more than one at a rate determined under section 6621. distribution of deficiency dividends
under section 860(f) for the year in which
portfolio of assets. Late filing of return. A fund that doesn’t the dividends are paid.
Exemption. The tax does not apply to file its tax return by the due date,
funds in which all the shareholders including extensions, may have to pay a 2. If a RIC is a partner in a partnership,
during the year were certain trusts or penalty of 5% of the unpaid tax for each recognize the fund’s share of partnership
segregated asset accounts of a life month or part of a month the return is ordinary income (loss) and deductions at
insurance company. Shares attributable late, up to a maximum of 25% of the the same time they are taken into
to an investment of no more than unpaid tax. The minimum penalty for a account by the partnership, regardless of
$250,000 made in connection with the return that is over 60 days late is the the fund’s tax year or the tax year of the
organization of the RIC will not prevent smaller of the tax due or $205. partnership in which the fund is a
partner. See Rev. Rul. 94-40, 1994-1
the RIC from qualifying for this The penalty won’t be imposed if the C.B. 274.
exemption. See section 4982(f). fund can show that the failure to file on
time was due to reasonable cause. If the Also see Rev. Proc. 94-71, 1994-2
When and Where To File fund receives a notice about penalties C.B. 810, for the circumstances under
File Form 8613, with the Internal after it files its return, send the IRS an which the IRS will not challenge the
Revenue Service Center where the explanation and we will determine if the method used by a fund to account for
fund’s income tax return is filed, by fund meets the reasonable cause partnership items when its required
March 15 following the calendar year in criteria. Do not attach an explanation distribution is determined under section
which the tax liability applies. when the return is filed. 4982.
Extension of time to file. File Form Late payment of tax. A fund that 3. Any foreign currency gain or loss
7004, Application for Automatic doesn’t pay the tax when due may be attributable to a section 988 transaction
Extension of Time To File Certain penalized ½ of 1% of the unpaid tax for that would be properly taken into
Business Income Tax, Information, and each month or part of a month the tax is account for the part of the calendar year
Other Returns, to request an extension not paid, up to a maximum of 25% of the after October 31 is taken into account in
of time to file. Filing Form 7004 does not unpaid tax. This penalty won’t be the following year. If the RIC makes an
extend the time for payment of tax. imposed if the fund can show that the election under section 4982(e)(4), the last
failure to pay on time was due to day of the fund’s tax year is substituted
Amended Return reasonable cause. for October 31.
To amend a previously filed Form 8613, Other penalties. Other penalties can be
file a corrected Form 8613 and write imposed for negligence, substantial
“Amended” at the top of the form. understatement of tax, and fraud. See
sections 6662, 6662A, and 6663.
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