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Federal Elections Under Section 338 for Corporations Making Qualified Stock Purchases
Extracted from PDF file 2023-federal-form-8023.pdf, last modified November 2023Elections Under Section 338 for Corporations Making Qualified Stock Purchases
8023 Form (Rev. October 2023) Department of the Treasury Internal Revenue Service Elections Under Section 338 for Corporations Making Qualified Stock Purchases See separate instructions. Information about Form 8023 and its separate instructions is at www.irs.gov/Form8023. OMB No. 1545-0123 Section A-1—Purchasing Corporation Check if Purchasing Corporation is a foreign entity 1a Name of purchasing corporation 1b Employer identification number Street State ZIP City 1c Tax year ending (MM/DD/YYYY) Country 1d State or country of incorporation Section A-2—Common Parent of the Purchasing Corporation Check if Common Parent of the Purchasing Corporation is a foreign entity 2a Name of common parent of purchasing corporation Street State ZIP 2b Employer identification number City 2c Tax year ending (MM/DD/YYYY) Country 2d State or country of incorporation Section B—Target Corporation Check if Target Corporation is a foreign entity 3a Name of target corporation 3b Employer identification number Street State ZIP City 3c Tax year ending (MM/DD/YYYY) Country 3d State or country of incorporation Section C—Common Parent of Selling Consolidated Group, Selling Affiliate, S Corporation Shareholder, or U.S. Shareholder Complete only for a section 338(h)(10) election or if target was a member of a consolidated group or a controlled foreign corporation (CFC) or had been a CFC within the preceding 5 years. Check if Common Parent of Selling Consolidated Group, Selling Affiliate, S Corporation Shareholder, or U.S. Shareholder is a foreign entity 4a Name of common parent of the selling consolidated group, selling affiliate, U.S. shareholder(s) of foreign target corporation, or S corporation shareholder(s) Street State 4b Identifying number(s) City ZIP 4c Tax year ending (MM/DD/YYYY) Country Section D—General Information 5a Acquisition date (MM/DD/YYYY) 5b What percentage of target corporation stock was purchased: (i) During the 12-month acquisition period? (ii) On the acquisition date? For Paperwork Reduction Act Notice, see separate instructions. % % Cat. No. 49972Z Form 8023 (Rev. 10-2023) Page 2 Form 8023 (Rev. 10-2023) Section E—Elections Under Section 338 6 7 Check here to make a section 338(h)(10) election for the target corporation listed in Section B . . . . . . . . . Check here to make a section 338 election (other than a section 338(h)(10) election) for the target corporation listed in Section B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 If the box on line 7 is checked for the target corporation listed in Section B, check here to make a gain recognition election for that corporation. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Check here if this form is filed to make a section 338 election for any target corporation in addition to the one listed in Section B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Purchasing Corporation(s) Signature(s) Under penalties of perjury, I state and declare that I am authorized to make the election(s) on lines 6, 7, 8, and 9 on behalf of the purchasing corporation(s). Signature of authorized person for purchasing corporation(s) Date Title Consolidated Selling Group or Selling Affiliate Signature (Section 338(h)(10) Election) Under penalties of perjury, I state and declare that I am authorized to make the section 338(h)(10) election on line 6 on behalf of the common parent of the selling consolidated group or on behalf of the selling affiliate. Signature of authorized person for the common parent or selling affiliate Date Title S Corporation Shareholder(s) Signature(s) (Section 338(h)(10) Election) Under penalties of perjury, I state and declare that I am a shareholder of the S corporation target or that I am authorized to make the section 338(h)(10) election on line 6 on behalf of that shareholder. If more than one shareholder, attach a schedule with other signatures. Signature of S corporation shareholder Catalog Number 49972Z Date www.irs.gov Title Form 8023 (Rev. 10-2023) Page 3 Form 8023 (Rev. 10-2023) Barcode 1 Barcode 2 Barcode 3 Barcode 4 Barcode 5 Catalog Number 49972Z www.irs.gov Form 8023 (Rev. 10-2023)
Form 8023 (Rev. October 2023)
More about the Federal Form 8023 Corporate Income Tax TY 2023
We last updated the Elections Under Section 338 for Corporations Making Qualified Stock Purchases in January 2024, so this is the latest version of Form 8023, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 8023 directly from TaxFormFinder. You can print other Federal tax forms here.
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Form Sources:
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8023 from the Internal Revenue Service in January 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Federal Form 8023
We have a total of eleven past-year versions of Form 8023 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 8023
Form 8023 (Rev. October 2023)
2022 Form 8023
Form 8023 (Rev. November 2016)
2021 Form 8023
Form 8023 (Rev. November 2016)
2020 Form 8023
Form 8023 (Rev. November 2016)
2019 Form 8023
Form 8023 (Rev. November 2016)
2018 Form 8023
Form 8023 (Rev. November 2016)
2017 Form 8023
Form 8023 (Rev. November 2016)
2016 Form 8023
Form 8023 (Rev. November 2016)
2015 Form 8023
Form 8023 (Rev. February 2006)
2012 Form 8023
Form 8023 (Rev. February 2006)
2011 Form 8023
Form 8023 (Rev. February 2006)
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