Form 8899 - Notice Of Income From Donated Intellectual Property Form
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18899
Notice of Income From
OMB No. 1545-1962
Form
Donated Intellectual Property
(Rev. December 2005)
Department of the Treasury
Give a Copy to Donor
Internal Revenue Service
Name of charitable organization (donee)
Employer identification number
Print
Address (number, street, and room or suite no.) (or P.O. box no. if mail is not delivered to the street address)
or
Type
City or town, state, and ZIP code
1a
Name of donor
b
Identifying number
c
Address (number, street, and room or suite no.) (or P.O. box no. if mail is not delivered to the street address)
d
City or town, state, and ZIP code
2a
Description of qualified intellectual property and patent number, if applicable
b
Date of charitable contribution
c Date of notice to treat as qualified intellectual property
3a
Qualified donee income (see the definition on page 2)
$
b
Tax year of donee for which income listed in line 3a is reported. Check only one box:
Calendar year 20
.
Fiscal year beginning
, 20
, and ending
, 20
.
Who Must File
Instructions for Form 8899
Every donee organization described in section 170(c) (except
Section references are to the Internal Revenue Code unless
a private foundation as defined in section 509(a) that is not
otherwise noted.
described in section 170(b)(1)(E)) that received a charitable
Purpose of Form
gift of qualified intellectual property for which the donor
provided notice as discussed above, must file Form 8899 if
A taxpayer who contributes qualified intellectual property
the property produces net income for the year. If the
(defined on page 2) to a charity may be entitled to a
qualified intellectual property fails to produce net income for
charitable deduction, in addition to any initial deduction
the donee’s tax year, the donee is not required to file Form
allowed in the year of contribution, based on a specified
8899.
percentage of the qualified donee income (defined on page
2) received by the donee with respect to the qualified
When and Where to File
intellectual property. Any additional charitable deductions
attributable to qualified donee income may be allowed in the
The donee is required to file Form 8899 with the IRS and
year of the contribution or in subsequent years, subject to
provide a copy of the form to the donor by the last day of
the limitations described in the definition of qualified donee
the first full month following the close of the donee’s tax
income.
year.
To qualify for the additional charitable deduction, the donor
Donees that were required to submit an information return
must provide notice to the donee at the time of the
before Form 8899 was available should see Temporary
contribution that the donor intends to treat the contribution
Regulations section 1.6050L-2T(c)(2) for requirements on
as a qualified intellectual property contribution for purposes
reporting to the donor and Temporary Regulations section
of sections 170(m) and 6050L.
1.6050L-2T(d)(2)(ii) for filing requirements with the IRS. Send
Form 8899 to the Internal Revenue Service, Ogden, UT
Form 8899 is used by a donee to report net income from
84201-0027. If filing using a private delivery service, send
qualified intellectual property to the donor of the property
Form 8899 to the Internal Revenue Service, 1973 N. Rulon
and to the IRS. This form must be filed for each tax year of
White Blvd., Ogden, UT 84404.
the donee in which the donated property produces net
income, but only if all or part of that tax year occurs during
Penalty
the 10-year period beginning on the date of the contribution
and that tax year does not begin after the expiration of the
The organization may be subject to a penalty if it fails to file
legal life of the donated property.
Form 8899 by the due date; fails to include all of the
information required to be shown on this form; or fails to
Note. Donors should see Publication 526, Charitable
include correct information on this form. For additional
Contributions, to figure the amount of the additional
information, see sections 6721 through 6724.
charitable deduction.
Cat. No. 37707M
8899
Form
(Rev. 12-2005)
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