Form 8876, Excise Tax on Structured Settlement Factoring Transactions
Use this form 8876 to report and pay the 40% excise tax imposed under Internal Revenue Code section 5891 on the factoring discount of a structured settlement factoring transaction. File a separate Form 8876 for each date on which you received structured settlement payment rights in one or more structured settlement factoring transactions.
Other Items You May Find Useful:
Publication 542, Corporations
Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns
Comment on Form 8876
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