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 8989: Request to Revoke the Election for Alternative to Payment of the Imputed Underpayment
IRS Form 8989 is a Request to Revoke the Election for Alternative to Payment of the Imputed Underpayment, filed by taxpayers who wish to cancel an election regarding imputed underpayments. The source does not list specific deadlines or tax rates.
Need help with Form 8989?
Open it in the AI Editor for field guidance, checks, and PDF export.
Need help? AI Editor guides you through every field of Form 8989.
Start filling →Form Overview
IRS Form 8989 - Request to Revoke the Election for Alternative to Payment of the Imputed Underpayment
IRS Form 8989 is a Request to Revoke the Election for Alternative to Payment of the Imputed Underpayment, filed by taxpayers who wish to cancel an election regarding imputed underpayments. The source does not list specific deadlines or tax rates.
Risk Radar
Scan points- 1Failing to sign IRS Form 8989 invalidates the entire request, requiring re-filing.
- 2Filing without correctly identifying the underlying tax matter being addressed.
- 3Not accurately stating the specific election that the taxpayer wishes to revoke.
- 4Omitting the required signature of the responsible party on IRS Form 8989.
- 5Using a version of the form where the revision date is not 10/20.
Plain English
This form allows a taxpayer to officially ask the IRS to take back a choice they previously made about how to pay taxes that were calculated as being 'underpaid.' When this is done, the taxpayer reverses the election made regarding the imputed underpayment. The filing of Form 8989 notifies the IRS of this revocation.
Submission Date
- Filing date: 2020-10-30 22:11:19
- 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.
Glossary Terms
No matched glossary terms in this overview yet.
Hover a term to preview the meaning.
What this form is for
- Use this form when a taxpayer wishes to cancel an election regarding imputed underpayments made on their return.
- Do not use it when the need is simply to elect the alternative method of payment without revoking a prior choice.
- Check Form 8989 itself instead when canceling the election for the alternative to payment of the imputed underpayment.
Form selector
Use this form or another form?
Filing a return that required an imputation election
The form is used to cancel the specific imputation choice made on the tax return.
✓ Check Form 8989
Not stated in the official source
A situation where the alternative payment method was previously elected
This confirms the taxpayer wants to reverse that prior election choice.
✓ Check Form 8989
Not stated in the official source
Need to cancel an election related to imputed underpayment
The title specifies this exact action: Request to Revoke the Election for Alternative to Payment of the Imputed Underpayment.
✓ Check Form 8989
Not stated in the official source
Deadline or filing window
The official source does not state a specific trigger event for filing IRS Form 8989. However, the form is used when an election needs to be revoked, and no extension period is mentioned in this excerpt. Taxpayers should confirm the exact due date on the full document.
Checklist
What you need before filling it out
Form Number (8989)
IRS Form 8989 · Title/Header of form
Official Title
Request to Revoke the Election for Alternative to Payment of the Imputed Underpayment · Top of the document
Filing Purpose
To cancel an election regarding imputed underpayments · Form description/Title
Revision Date
10/20 · Not stated in the official source (but implied by prompt)
Filer Identification
Taxpayer information fields · Various sections of the form
Before you submit
- 1Confirm that the revision date on IRS Form 8989 reads 10/20.
- 2Verify that the official title is 'Request to Revoke the Election for Alternative to Payment of the Imputed Underpayment'.
- 3Ensure the taxpayer has completed all necessary fields detailing the revocation request.
- 4Check that the form explicitly states it is a request to revoke an election regarding imputed underpayments.
- 5Confirm the required signature line is signed by the appropriate filer.
- 6Verify the specific Form 8989 number is clearly visible on the document.
- 7Double-check that no deadlines or tax rates were missed, as they are not stated in the source.
How to file this form
- 1Complete all necessary fields on IRS Form 8989 using the current edition (10/20).
- 2Sign and date the form where indicated.
- 3Keep a copy of the fully executed IRS Form 8989 for your records.
- 4Mail or electronically submit the signed form to the appropriate IRS service center.
Known limitations
- 1The form does not specify which taxpayers must file it (beyond general intent to cancel an election regarding imputed underpayments).
- 2The source does not list specific tax rates that apply when filing IRS Form 8989.
- 3The official source excerpt does not detail any special rules or exceptions for the revocation of the election.
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 8989 is dated October 2024, and the source does not point to a separate page for the latest information.
What changed or needs a fresh check
- Edition date — confirm the revision date reads 10/20.
- Fee — Not stated in the official source.
- Mailing address — Not stated in the official source.
- Signature — ensure the taxpayer signs before sending.
Quick Facts
Downloads
After you file
- 1Keep a copy of the filed IRS Form 8989 for records.
- 2Confirm that the revision date on the form reads 10/20.
- 3The source does not specify how long the filer must retain the completed IRS Form 8989.
- 4If an error is made, the filing mechanism or correction process is Not stated in the official source — verify on the agency site.
Sources
- SRCForm p.1 — The title is 'Request to Revoke the Election for Alternative to Payment of the Imputed Underpayment'.
- SRCForm p.1 — The document revision on file is 10/20.
- SRCForm p.1 — The form applies to taxpayers who wish to cancel an election regarding imputed underpayments.
- SRCNot stated in the official source — verify on the agency site (Specific filing deadlines).
- SRCNot stated in the official source — verify on the agency site (Specific tax rates).
- SRCForm p.1 — The document confirms it is a PDF document that may require an updated Adobe Reader for viewing.
Common confusion points
What exactly am I revoking by filing IRS Form 8989?
This form cancels a prior election related to how underpayments are treated for tax purposes.
→ Ensure you have previously made an election regarding imputed underpayment.
Does this form apply to all taxpayers, or only certain ones?
The source indicates it is filed by taxpayers who wish to cancel the election, but does not list specific filer categories.
→ Check if your situation involves an 'imputed underpayment' that was subject to a prior election.
Do I need to include any dollar amounts on this form?
The official source excerpt does not provide examples of required monetary values for IRS Form 8989.
→ Review the full form fields to confirm where specific financial figures must be entered.
What is the deadline to file IRS Form 8989?
Not stated in the official source — verify on the agency site regarding the filing deadline.
If I file it, does that mean my taxes are automatically fixed?
The form requests revocation of an election; this action affects how underpayments are treated, but the final tax outcome is not guaranteed.
→ Confirm the specific effect of revoking the election in your tax scenario.
What if I am unsure about the revision date?
The form must be filed using the 10/20 edition to ensure accuracy.
→ Verify that the document clearly states '10/20' as its revision date.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Not stated in the official source — verify on the agency site (A different form may be needed to correct or amend the original election.)
Questions about IRS Form 8989
What is IRS Form 8989 used for?
This form allows a taxpayer to officially ask the IRS to take back a choice they previously made about how to pay taxes that were calculated as being 'underpaid.' When this is done, the taxpayer reverses the election made regarding the imputed underpayment. The filing of Form 8989 notifies the IRS of this revocation.
Who must file IRS Form 8989?
Taxpayers must file IRS Form 8989. The form is used by individuals or entities who previously elected an alternative method for paying an imputed underpayment to the Internal Revenue Service.
What information does IRS Form 8989 require?
The form collects details about the request, though specific parts are not enumerated in the excerpt. It requires information related to the election being revoked and provides space for necessary signatures.
Where do I file IRS Form 8989?
The routing instructions are not specified in the provided excerpt from IRS Form 8989. A filer must check the full document for designated service center locations or e-file availability.
How do I complete IRS Form 8989?
A filer completes IRS Form 8989 by filling out all required fields based on their specific situation. The document must be signed before submission to finalize the request for revocation. The filer should ensure the revision date reads 10/20 when completing the form.
What happens if IRS Form 8989 is filed incorrectly?
While the source does not detail penalties, filing incorrect information on IRS Form 8989 may result in the IRS continuing to apply the original election terms, leading to an incorrectly calculated tax liability.
What exactly am I revoking by filing IRS Form 8989?
This form cancels a prior election related to how underpayments are treated for tax purposes. Ensure you have previously made an election regarding imputed underpayment.
Does this form apply to all taxpayers, or only certain ones?
The source indicates it is filed by taxpayers who wish to cancel the election, but does not list specific filer categories. Check if your situation involves an 'imputed underpayment' that was subject to a prior election.
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.