Form 8613

(Rev. November 2022)

Department of the Treasury 

Internal Revenue Service 

Return of Excise Tax on Undistributed Income of 

Regulated Investment Companies 

For calendar year 20 

Go to www.irs.gov/Form8613 for instructions and the latest information.

OMB No. 1545-1016

Please 

Type 

or 

Print 

Name of fund Employer identification number

Number, street, and room or suite no. If a P.O. box, see instructions.

City or town, state, and ZIP code

• Election under section 4982(e)(4)—Check this box if the tax year of the regulated investment company ends in November or 

December and the fund elects to substitute its tax year for the 1-year period ending on October 31. See instructions . . . . . Required Distribution 

1 a Investment company taxable income under section 852(b)(2) for 

the calendar year determined without regard to the dividends 

paid deduction and any gain or (loss) from the sale or exchange 

of a capital asset (see instructions) . . . . . . . . . . . 1a 

b Multiply line 1a by 98% (0.98) . . . . . . . . . . . . . . . . . . . . . 1b 

2 a Capital gain net income under section 4982(e)(2) for the 1-year 

period ending on October 31 of the calendar year (see 

instructions) . . . . . . . . . . . . . . . . . . 2a 

b Multiply line 2a by 98.2% (0.982) . . . . . . . . . . . . . . . . . . . . 2b 

3 a Grossed up required distribution for the previous calendar year. 

Add lines 1a and 2a (using amounts for the previous calendar 

year) increased by the prior year’s shortfall (if any), as defined in 

section 4982(b)(2) . . . . . . . . . . . . . . . . 3a 

b Distributed amount for the previous calendar year under section 

4982(c) . . . . . . . . . . . . . . . . . . . . 3b 

c Subtract line 3b from line 3a. If zero or less, enter -0- . . . . . . . . . . . . . 3c 

4 Required distribution. Add lines 1b, 2b, and 3c . . . . . . . . . . . . . . . 4 

Distributed Amount 

5 Deduction for dividends paid under section 561 during the calendar year, excluding exemptinterest dividends (see instructions). Include deficiency dividends as defined in section 860(f), 

but only if paid during the calendar year . . . . . . . . . . . . . . . . . . 5 

6 Amount on which tax is imposed under sections 852(b)(1) or 852(b)(3)(A) for any tax year 

ending in or with the calendar year (see instructions) . . . . . . . . . . . . . . 6 

7 a Distributed amount for the previous calendar year under section 

4982(c). Enter amount from line 3b . . . . . . . . . . . 7a 

b Grossed up required distribution for the previous calendar year. 

Enter amount from line 3a . . . . . . . . . . . . . 7b 

c Subtract line 7b from line 7a. If zero or less, enter -0- . . . . . . . . . . . . . 7c 

8 Distributed amount. Add lines 5, 6, and 7c . . . . . . . . . . . . . . . . . 8 

Tax and Payments 

9 Undistributed income. Subtract line 8 from line 4. If zero or less, enter -0- . . . . . . 9 

10 Excise tax on undistributed income. Multiply line 9 by 4% (0.04) . . . . . . . . . . 10 

11 Tax paid with extension of time to file (Form 7004) . . . . . . . . . . . . . . 11 

12 Tax due. Subtract line 11 from line 10. See instructions . . . . . . . . . . . . . 12 

13 Overpayment. Subtract line 10 from line 11 . . . . . . . . . . . . . . . . 13 

Signature of officer Date Title

Paid 

Preparer 

Use Only

Print/Type preparer’s name Preparer’s signature Date Check if 

self-employed

PTIN

Firm’s name Firm’s EIN 

Firm’s address Phone no.

For Paperwork Reduction Act Notice, see instructions. Cat. No. 63985M Form 8613 (Rev. 11-2022) 

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is 

true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Form 8613 (Rev. 11-2022) Page 2 

General Instructions 

Section references are to the Internal 

Revenue Code. 

Future Developments 

For the latest information about 

developments related to Form 8613 and 

its instructions, such as legislation 

enacted after they were published, go to

www.irs.gov/Form8613.

Purpose of Form 

Use Form 8613 to figure and pay the 

excise tax on undistributed income 

under section 4982. The tax is 4% of the 

excess, if any, of the required 

distribution over the distributed amount. 

Also use Form 8613 to make the 

section 4982(e)(4) election. 

Who Must File 

Any regulated investment company (RIC) 

that is liable for the tax on undistributed 

income or that makes an election under 

section 4982(e)(4) must file Form 8613. A 

RIC that makes this election must file the 

form even if no tax is due. 

If a RIC has more than one fund, each 

fund files a separate Form 8613. The 

term “fund” refers to a series fund as 

defined in section 851(g) and to any RIC 

that does not have more than one 

portfolio of assets. 

Exemption. The tax does not apply to 

funds in which all the shareholders 

during the year were certain trusts or 

segregated asset accounts of a life 

insurance company. Shares attributable 

to an investment of no more than 

$250,000 made in connection with the 

organization of the RIC will not prevent 

the RIC from qualifying for this 

exemption. See section 4982(f). 

When and Where To File 

File Form 8613, with the Internal 

Revenue Service Center where the 

fund’s income tax return is filed, by 

March 15 following the calendar year in 

which the tax liability applies. 

Extension of time to file. File Form 

7004, Application for Automatic 

Extension of Time To File Certain 

Business Income Tax, Information, and 

Other Returns, to request an extension 

of time to file. Filing Form 7004 does not 

extend the time for payment of tax. 

Amended Return 

To amend a previously filed Form 8613, 

file a corrected Form 8613 and write 

“Amended” at the top of the form. 

Who Must Sign 

Form 8613 must be signed and dated by 

the president, vice president, treasurer, 

assistant treasurer, chief accounting 

officer, or by any other officer (such as 

tax officer) authorized to sign. Receivers, 

trustees, or assignees must also sign 

and date any return filed on behalf of a 

fund. 

Note: If this return is being filed for a 

series fund (see section 851(g)(2)), the 

return may be signed by any officer 

authorized to sign for the RIC in which 

the fund is a series. 

Rounding Off to Whole 

Dollars 

The fund may show amounts on the 

return as whole dollars. To do so, drop 

any amount less than 50 cents and 

increase any amount from 50 cents 

through 99 cents to the next higher 

dollar. 

Interest and Penalties 

Interest. Interest is charged on taxes 

paid late even if an extension of time to 

file is granted. Interest is also charged on 

penalties imposed for failure to file, 

negligence, fraud, and substantial 

understatements of tax from the due 

date (including extensions) to the date of 

payment. The interest charge is figured 

at a rate determined under section 6621. 

Late payment of tax. A fund that 

doesn’t pay the tax when due may be 

penalized 1⁄2 of 1% of the unpaid tax for 

each month or part of a month the tax is 

not paid, up to a maximum of 25% of the 

unpaid tax. This penalty won’t be 

imposed if the fund can show that the 

failure to pay on time was due to 

reasonable cause. 

Late filing of return. A fund that doesn’t 

file its tax return by the due date, 

including extensions, may have to pay a 

penalty of 5% of the unpaid tax for each 

month or part of a month the return is 

late, up to a maximum of 25% of the 

unpaid tax. The penalty won’t be 

imposed if the fund can show that the 

failure to file on time was due to 

reasonable cause. If the fund receives a 

notice about penalties after it files its 

return, send the IRS an explanation and 

we will determine if the fund meets the 

reasonable cause criteria. Do not attach 

an explanation when the return is filed. 

Other penalties. Other penalties can be 

imposed for negligence, substantial 

understatement of tax, and fraud. See 

sections 6662, 6662A, and 6663. 

Specific Instructions 

Period covered. Show the calendar year 

for which the return is filed at the top of 

the form. Figure income on a calendar 

year basis even if the fund files its 

income tax return and keeps its books 

and records on a fiscal year basis. 

Address. Include the suite, room, or 

other unit number after the street 

address. If the Post Office does not 

deliver mail to the street address and the 

fund has a P.O. box, show the box 

number instead. 

Election under section 4982(e)(4). This 

election is available to funds whose tax 

years end in November or December. If 

the fund qualifies, it may substitute its 

tax year for the 1-year period ending on 

October 31. 

If the RIC makes the election, Form 

8613 must be filed even if no tax is due. 

The election is made no later than the 

time for filing Form 8613 (including 

extensions) for the year in which the 

election will apply. Once made, the 

election is revocable only with IRS 

consent. 

Required Distribution 

Line 1a. Include on this line the following 

types of income. 

1. Adjustments that result in the 

distribution of deficiency dividends 

under section 860(f) for the year in which 

the dividends are paid. 

2. If a RIC is a partner in a partnership, 

recognize the fund’s share of partnership 

ordinary income (loss) and deductions at 

the same time they are taken into 

account by the partnership, regardless of 

the fund’s tax year or the tax year of the 

partnership in which the fund is a 

partner. See Rev. Rul. 94-40, 1994-1 

C.B. 274. 

Also see Rev. Proc. 94-71, 1994-2 

C.B. 810, for the circumstances under 

which the IRS will not challenge the 

method used by a fund to account for 

partnership items when its required 

distribution is determined under section 

4982. 

3. Any foreign currency gain or loss 

attributable to a section 988 transaction 

that would be properly taken into 

account for the part of the calendar year 

after October 31 is taken into account in 

the following year. If the RIC makes an 

election under section 4982(e)(4), the last 

day of the fund’s tax year is substituted 

for October 31. 
Form 8613 (Rev. 11-2022) Page 3 

4. Ordinary gain or loss from a 

disposition of stock in a passive foreign 

investment company is determined as if 

the fund’s calendar year tax year ended 

on October 31. Gain or loss for the part 

of the calendar year after October 31 is 

taken into account in the following year. 

If the section 4982(e)(4) election is made, 

the last day of the fund’s tax year is 

substituted for October 31. 

Election to defer certain ordinary 

losses. For calendar years beginning 

after December 31, 2010, a RIC may 

elect under section 4982(e)(7) to 

determine its ordinary income for the 

calendar year by deferring its net 

ordinary loss (figured without regard to 

specified gains and losses taken into 

account under section 4982(e)(5)) 

attributable to the portion of the calendar 

year that begins after the tax year. If this 

election is made, any amount of the net 

ordinary loss not taken for a calendar 

year will be treated as arising on the first 

day of the following calendar year. For 

more information, see section 4982(e)(7). 

To make the election, attach a 

statement to the return for the year in 

which the election will apply indicating 

the RIC is electing to defer its net 

ordinary loss under section 4982(e)(7) 

and specifying the amount of the net 

ordinary loss that the RIC is electing to 

defer.

Line 2a. Include on this line the following 

items. 

1. Capital gain net income from 

deficiency dividends referred to in line 1a 

above. 

2. The fund’s share of partnership 

capital gain net income taken into 

account at the same time as it is taken 

into account by the partnership, 

regardless of the fund’s tax year or the 

tax year of the partnership in which the 

fund is a partner. 

If the RIC does not make the section 

4982(e)(4) election, capital gain net 

income is figured on the basis of a 

1-year period ending on October 31 of 

the calendar year. 

If the RIC makes the election under 

section 4982(e)(4), substitute the fund’s 

tax year for the 1-year period ending on 

October 31. A special rule applies, 

however, to the first year the fund makes 

the election if that year is not the first 

year the fund is subject to the tax under 

section 4982. For that year, capital gain 

net income is figured for the period 

beginning on November 1 of the year 

immediately preceding the election year 

and ending on the last day of the first tax 

year for which the election was made. 

Distributed Amount 

Line 5. Enter dividends paid during the 

calendar year. Include dividends 

declared in October, November, or 

December of that calendar year that are 

payable to shareholders of record on a 

specified date in one of these months, 

but only if actually paid by the fund 

during January of the following calendar 

year. See section 852(b)(7). Do not 

include other dividends paid after the 

close of the calendar year. 

Line 6. Line 6 is the total of the following 

amounts figured for the tax year of the 

fund ending in or with the calendar year 

for which this return is filed. 

1. Taxable income from Form 

1120-RIC, Part I, line 26, and the amount 

subject to tax on Form 1120-RIC, Part II, 

line 3; and 

2. Undistributed capital gains 

designated under section 852(b)(3)(D) 

from Form 2438, line 11. 

Tax and Payments 

The RIC must use electronic funds 

transfers to make all federal tax deposits 

(such as deposits of employment tax, 

excise tax, and corporate income tax). 

Generally, electronic funds transfers are 

made using the Electronic Federal Tax 

Payment System (EFTPS). However, if 

you don’t want to use EFTPS, you can 

arrange for your tax professional, 

financial institution, payroll service, or 

other trusted third party to make 

deposits on your behalf. EFTPS is a free 

service provided by the Department of 

the Treasury. Services provided by your 

tax professional, financial institution, 

payroll service, or other third party may 

have a fee. 

For more information about EFTPS, or 

to enroll in EFTPS, visit the EFTPS 

website at www.eftps.gov or call 

800-555-4477. To contact EFTPS using 

Telecommunications Relay Services 

(TRS) for people who are deaf, hard of 

hearing, or have a speech disability, dial 

711 and then provide the TRS assistant 

the 800-555-4477 number above or 

800-733-4829. 

Depositing on time. For any deposit 

made by EFTPS to be on time, the RIC 

must submit the deposit by 8 p.m. 

Eastern time on the day before the date 

the deposit is due. If the RIC uses a third 

party to make the deposits on its behalf, 

they may have different cutoff times.

Paperwork Reduction Act Notice. We 

ask for the information on this form to 

carry out the Internal Revenue laws of 

the United States. You are required to 

give us the information. We need it to 

ensure that you are complying with these 

laws and to allow us to figure and collect 

the right amount of tax. 

You are not required to provide the 

information requested on a form that is 

subject to the Paperwork Reduction Act 

unless the form displays a valid OMB 

control number. Books or records 

relating to a form or its instructions must 

be retained as long as their contents 

may become material in the 

administration of any Internal Revenue 

law. Generally, tax returns and return 

information are confidential, as required 

by section 6103. 

The time needed to complete and file 

this form will vary depending on 

individual circumstances. The estimated 

average time is:

Recordkeeping . . . . 6 hr., 42 min. 

Learning about the 

law or the form . . . . 2 hr., 28 min.

Preparing and sending 

the form to the IRS . . 2 hr., 42 min.

If you have comments concerning the 

accuracy of these time estimates or 

suggestions for making this form 

simpler, we would be happy to hear from 

you. You can send us comments from

www.irs.gov/FormComments. Or you 

can write to Internal Revenue Service, 

Tax Forms and Publications Division, 

1111 Constitution Ave. NW, IR-6526, 

Washington, DC 20224. Do not send the 

form to this office. Instead, see When 

and Where To File, earlier.