Independent form guide. BrieflyGo is not affiliated with or endorsed by IRS, USCIS, SSA, DOL, or any U.S. government agency. Official forms are sourced from public government websites.
Official form guide
Form 8924: Excise Tax on Certain Transfers of Qualifying Geothermal or Mineral Interests
IRS Form 8924 is used to report and pay the excise tax on certain transfers of qualifying mineral or geothermal interests. An eligible entity must file this form by the 90th day following the taxable transfer.
Need help with Form 8924?
Open it in the AI Editor for field guidance, checks, and PDF export.
Need help? AI Editor guides you through every field of Form 8924.
Start filling →Form Overview
IRS Form 8924 - Excise Tax on Certain Transfers of Qualifying Geothermal or Mineral Interests
IRS Form 8924 is used to report and pay the excise tax on certain transfers of qualifying mineral or geothermal interests. An eligible entity must file this form by the 90th day following the taxable transfer.
Risk Radar
Scan points- 1Ensure you file within 90 days of the taxable transfer; late filing incurs a major penalty!
- 2Filing without checking the correct box to confirm deposit acceptance (Instructions p.3).
- 3Not using the entity's name from its most recently filed federal income tax return (Instructions p.2).
- 4Exceeding 17 characters in the Account Number field on Line 11d (Instructions p.3).
- 5Failing to include a qualifying letter of intent at the time of transfer when relief is claimed (Instructions p.1).
Plain English
This form tells the IRS when you sell, exchange, or lease a specific type of valuable mineral or geothermal interest and pays the required excise tax on that transfer. If your company is an 'eligible entity,' you must file Form 8924 to officially report this transaction to the government.
Submission Date
- Filing date: 2026-01-07 15:10:55
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
AI co-pilot
Fill it faster. Catch mistakes before you file.
What this form is for
- Use this form when an eligible entity transfers ownership or possession (by sale, exchange, or lease) of a qualifying mineral or geothermal interest in specific scenarios: A conservation sale where the previous transferor excluded 25% of the qualifying gain; or a transfer where the previous transferor was relieved of liability for the Form 8924 tax.
- Do not use this form when the transferee is an eligible entity that provides the transferor with a qualifying letter of intent at the time of the transfer, as filing may not be required.
- Check Form 7004 instead when you need more time to file Form 8924; remember that using Form 7004 does not extend the time for payment of tax.
Form selector
Use this form or another form?
The transfer was a conservation sale where the previous transferor excluded 25% of the qualifying gain
The eligible entity must file Form 8924 for this specific type of transfer.
✓ Confirm the transaction meets all requirements of a 'conservation sale'.
A prior transfer already paid the Form 8924 tax on the same interest
An eligible entity is not required to file Form 8924 if tax was previously paid for that interest.
✓ Verify the previous filing shows payment of the Form 8924 tax.
The transferee is not an eligible entity, but you need to prove the transfer aligns with IRS rules
The entity must establish this consistency to the satisfaction of the Secretary of the Treasury and provide a qualifying letter of intent.
✓ Check that the required documentation (letter of intent + proof) exists.
You are filing an amended return for a previously submitted Form 8924
To amend, you must file a corrected Form 8924 and write 'Amended' at the top.
✓ Ensure the word 'Amended' is clearly written at the top of your submission.
Deadline or filing window
The trigger event for filing IRS Form 8924 is the taxable transfer of an interest. The deadline is the 90th day following that taxable transfer. An automatic extension can be obtained by filing Form 7004, but this only extends the time to file, not necessarily the payment due date.
Checklist
What you need before filling it out
Line 10 (Tax Due)
Payment options listed on Form 8924 · IRS.gov/Payments
Filing Deadline
90th day following the taxable transfer · Instructions p.1
Penalty for Late Filing
5% a month or part of a month, up to 25% · Instructions p.1
Payment Method (Electronic)
EFTPS or same-day wire · Instructions p.2
Rounding Rule (Example)
$8.50 rounds to $9 · Instructions p.1
Before you submit
- 1Ensure all money items are shown as whole dollars, following the specified rounding rules.
- 2If paying electronically, confirm you have selected an available option like EFTPS or same-day wire.
- 3Verify that if there is an overpayment on line 11a, direct deposit information is entered on lines 11b, 11c, and 11d.
- 4Confirm the filing date will be no later than 90 days following the taxable transfer.
- 5If mailing to Kansas City, MO, ensure you are not sending it to a designated P.O. box without using USPS.
- 6Check that if amending, the word "Amended" is written at the top of Form 8924.
- 7Confirm interest is calculated based on section 6621 if the tax was not paid by the due date.
How to file this form
- 1Complete all required fields on Form 8924, ensuring money items are rounded to whole dollars as instructed.
- 2Calculate and enter the amount due on Line 10; select your payment method (electronic or check/money order).
- 3Sign the form according to the instructions provided with your federal income tax return.
- 4Mail Form 8924 to Department of the Treasury, Internal Revenue Service in Kansas City, MO 64999, or submit electronically via EFTPS/same-day wire by the deadline.
Known limitations
- 1An eligible entity is not required to file IRS Form 8924 if the transferee is an eligible entity that provides a qualifying letter of intent at the time of the transfer.
- 2An eligible entity is not required to file IRS Form 8924 if the transferee is not an eligible entity but establishes, to the satisfaction of the Secretary of the Treasury, that the transfer will be consistent with section 170(h)(5) and provides a qualifying letter of intent at the time of the transfer.
- 3An eligible entity does not need to file IRS Form 8924 if the excise tax has previously been paid as a result of a previous transfer of ownership or possession of the same interest.
Field map
Compact field-by-field guide
Entity Info
1 items
Name and taxpayer ID of the entity claiming the credit.
Credit Info
1 items
Type of credit or incentive being claimed.
Calculation
2 items
The base amount used to calculate the credit.
Calculated credit amount after applying formulas and limitations.
Certification
1 items
Detailed breakdown supporting the credit calculation.
Signatures
1 items
Sign and date the form.
Almost done reviewing the fields?
Fillable formOpen in Editor->The current edition of IRS Form 8924 is dated December 2025, and users can find the latest information about developments related to this form at IRS.gov/Form8924.
What changed or needs a fresh check
- Edition date — confirm the revision reads December 2025.
- Mailing address — confirm you are sending to Department of the Treasury, Internal Revenue Service, Kansas City, MO 64999.
- Signature — follow instructions found on your federal income tax return for signing procedures.
- Electronic payment options — confirm that Electronic Federal Tax Payment Systems (EFTPS) and same-day wire are available methods.
- Tax computation — verify the rate for late filing of return is 5% a month or part of a month, up to a maximum of 25%.
Quick Facts
Downloads
After you file
- 1Keep a copy of the filed IRS Form 8924.
- 2If an error occurs, file a corrected IRS Form 8924 and write “Amended” at the top of the form.
- 3If paying by check, make the check payable to “United States Treasury” and include the entity’s name, EIN, and “Form 8924” on the check.
- 4If an overpayment exists on line 11a, enter direct deposit information on lines 11b, 11c, and 11d for refunds.
Sources
- SRCInstructions p.1 — Purpose of Form is to report and pay the excise tax on certain transfers of qualifying mineral or geothermal interests.
- SRCInstructions p.1 — An eligible entity must file IRS Form 8924 for each transfer acquired, directly or indirectly, in a conservation sale where 25% of the gain was excluded, or a transfer relieved from liability.
- SRCInstructions p.1 — The filing deadline is by the 90th day following the taxable transfer.
- SRCInstructions p.1 — To amend IRS Form 8924, file a corrected form and write “Amended” at the top.
- SRCInstructions p.1 — Send IRS Form 8924 to Department of the Treasury Internal Revenue Service in Kansas City, MO 64999 Private Delivery Services (PDSs).
- SRCInstructions p.1 — A penalty of 5% a month or part of a month, up to a maximum of 25%, is imposed for late filing of IRS Form 8924.
- SRCInstructions p.1 — For payment by check, make it payable to “United States Treasury”.
- SRCInstructions p.2 — If an overpayment exists on line 11a, enter direct deposit information on lines 11b, 11c, and 11d.
- SRCInstructions p.3 — The instructions reference the Internal Revenue Code unless otherwise noted.
Common confusion points
When do I have to file Form 8924?
The deadline is by the 90th day following the taxable transfer, unless you use Form 7004 for an extension.
→ Check the date on your form against the date of the taxable transfer.
Does filing Form 8924 automatically extend my payment time?
No; using Form 7004 extends the *time to file*, but it does not extend the time for *payment* of the tax.
→ Confirm you are filing Form 7004 if you need more than 90 days.
What happens if I don't pay the tax by the due date?
A penalty of 1/2 of 1% of the unpaid amount is generally imposed for late payment, up to a maximum of 25%.
→ Check that your calculation shows the penalty applied to the net amount due.
What happens if I file Form 8924 late?
If it isn't filed when due, a penalty of 5% a month or part of a month, up to a maximum of 25%, is imposed on the net amount due.
→ Verify the filing date against the due date and confirm this penalty applies.
How do I pay if my Form 8924 shows an overpayment?
You should use direct deposit information entered on lines 11b, 11c, and 11d (if you have U.S. banking services).
→ Look at Line 11 to confirm the proper fields for entering your direct deposit details.
What is a 'qualifying letter of intent'?
This document must be provided by the transferee to the transferor at the time of the transfer, depending on the situation.
→ Ensure this specific letter is dated and attached or referenced with the Form 8924.
Where exactly do I mail Form 8924?
The address is Department of the Treasury Internal Revenue Service Kansas City, MO 64999 Private Delivery Services (PDSs).
→ Double-check that you are using this specific IRS mailing address.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Use the instructions for your federal income tax return to guide the signature section of IRS Form 8924.
Questions about IRS Form 8924
What is IRS Form 8924 used for?
This form tells the IRS when you sell, exchange, or lease a specific type of valuable mineral or geothermal interest and pays the required excise tax on that transfer. If your company is an 'eligible entity,' you must file Form 8924 to officially report this transaction to the government.
Who must file IRS Form 8924?
An eligible entity that transfers ownership or possession of a qualifying mineral or geothermal interest must file IRS Form 8924 for each transfer.
What information does IRS Form 8924 require?
The form collects information regarding the transfer, including details about the specific interest being transferred. The document requires entry on various lines to detail the transaction and related financial amounts.
When is IRS Form 8924 due?
Form 8924 must be filed by the 90th day following the taxable transfer. If more time is needed, Form 7004 can be used for an automatic extension of time to file, but this does not extend the payment deadline.
Where do I file IRS Form 8924?
Send IRS Form 8924 to the Department of the Treasury, Internal Revenue Service in Kansas City, MO 64999. Designated PDSs (Private Delivery Services) can also be used for mailing.
How do I complete IRS Form 8924?
First, enter your entity's name and address onto Form 8924 using the information from your most recent federal income tax return. Next, check the correct box to confirm your deposit is accepted (as noted in instructions on page 3). Finally, sign the form under penalties of perjury.
What happens if IRS Form 8924 is filed incorrectly?
Failure to file on time results in a penalty of 5% a month or part of a month, up to a maximum of 25%, imposed on the net amount due. Additionally, late payment incurs a general penalty of 1/2 of 1% of the unpaid amount.
When do I have to file Form 8924?
The deadline is by the 90th day following the taxable transfer, unless you use Form 7004 for an extension. Check the date on your form against the date of the taxable transfer.
Source transparency
Copyright & Licensing - US Government Forms
BrieflyGo links to and explains official public form sources. We are not a government agency, and this page is for general form guidance, not legal advice.
Understand the agreement before you sign it.
Review risky clauses in plain English, fix the document, and keep it moving toward signature.