Does Form 8925 need to be attached each year to the tax return?
Form 8925, "Report of Employer-Owned Life Insurance Contracts," is used by employers to report information on employer-owned life insurance contracts. Whether you need to attach Form 8925 to your tax return each year depends on specific circumstances. ### When to File Form 8925: 1. **Initial Filing**: - You must file Form 8925 for the first year you have employer-owned life insurance contracts that are subject to the reporting requirements under Internal Revenue Code Section 6039I. 2. **Subsequent Years**: - You must continue to file Form 8925 each year if you have employer-owned life insurance contracts that are still in force and are subject to the reporting requirements. ### Key Points: - **Employer-Owned Life Insurance Contracts**: These are life insurance contracts where the employer is the direct or indirect beneficiary. - **Reporting Requirements**: The form requires information such as the number of employees covered, the total amount of insurance in force, and the number of contracts issued after August 17, 2006. ### Filing Instructions: - **Attach to Tax Return**: Form 8925 should be attached to the employer's income tax return (e.g., Form 1120 for corporations, Form 1065 for partnerships, or Form 1040 for sole proprietors) for each year it is required. - **Record-Keeping**: Maintain records of the employer-owned life insurance contracts and the information reported on Form 8925
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