Caution:

While most of these cases are not worked by Notice Review, some Form 8752 cases can be found in NR sample (batches other than 7600-7699). Review this complete section for case determination.

Partnerships and S-Corporations file Form 8752, Required Payments or Refund Under Section 7519, when they make the Section 444 election to file their income tax return on a fiscal year basis instead of the required calendar year. The Form 8752 is used to remit the required payment intended to represent the value of the tax deferral using a taxable year other than the required calendar year.

Taxpayers electing Section 444 are not required to remit a payment until they incur a total liability for the current year and all previous years in excess of $500.00. Later, the taxpayer must make their required payment even when the amount is below the $500.00 threshold.

The Form 8752, Required Payments or Refund Under Section 7519, return will post to the Business Master File (BMF) as MFT 15, Document Code 23 and Tax Class 2.