Are you looking for a complete guide on IRS Form 8815? As tax season approaches, it’s important to stay informed about the various forms and documents required for filing your taxes. One such document is Form 8815, which can help lower your taxable income and potentially increase your refund. In this blog post, we will provide you with a comprehensive guide on everything you need to know about IRS Form 8815 – from what it is to how to fill it out correctly. So buckle up and let’s dive into the world of tax forms!

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What is IRS Form 8815?

IRS Form 8815 is a tax form used to report certain qualifying children’s unearned income. The form is used to calculate the child’s tax liability and is filed with the taxpayer’s individual income tax return.

To be eligible to file Form 8815, the child must be younger than 19 years old (or 24 years old if a full-time student) and cannot have earned more than $1,050 in gross income for the year. The form must be filed by the parent or guardian who claims the child as a dependent on their tax return.

Form 8815 is used to report the following types of unearned income:

-Dividends and interest from investments

-Rental income

– Royalties

– Capital gains

– Income from partnerships, S corporations, estates, and trusts

The form includes instructions for how to calculate the child’s taxable income and tax liability. It also includes a worksheet for determining whether the child’s investment income is subject to the Kiddie Tax.

How to complete IRS Form 8815

In order to complete IRS Form 8815, you will need the following information:

  • Your filing status – this will determine which version of the form you need to use.
  • Your personal information – this includes your name, address, Social Security number, and date of birth.
  • Your financial information – this includes your income, assets, and debts.

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Once you have gathered all of the required information, you can begin filling out the form. The form itself is not difficult to complete, but it is important to make sure that you do so accurately in order to avoid any penalties or delays in processing. If you have any questions about the form, you can consult the instructions provided by the IRS or speak with a tax professional.

When to file IRS Form 8815

If you are a U.S. citizen or resident alien, you must file IRS Form 8815 if you meet any of the following conditions:

  • You owe tax on income from sources outside the United States.
  • You have income from a foreign estate or trust.
  • You are required to file a return for any other reason specified in the instructions for Form 8815.

If you do not meet any of the conditions above, you are not required to file IRS Form 8815. However, you may still need to file a return if you havetaxable income.

Tips for completing IRS Form 8815

When completing IRS Form 8815, be sure to:

– Use black ink when filling out the form

– Do not make any erasures or changes on the form

– Include all required attachments with your completed form

– Sign and date the form before mailing it in

If you have any questions while completing the form, be sure to consult a tax professional.


As you can see, IRS Form 8815 is an important form for anyone looking to receive tax credits. While the form requires some effort and information gathering from taxpayers, it’s well worth it in the end because of the financial benefits that comes with filing this form. With our complete guide above, you now have all of the information necessary to fill out IRS Form 8815 properly so that you can reap its rewards.

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