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Form 8874B: Notice of Recapture Event for New Markets Credit
Internal Revenue Service Form 8874-B is a Notice of Recapture Event for New Markets Credit that qualified community development entities must file to inform taxpayers of a recapture. It must be mailed to the IRS Center in Philadelphia, PA.
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IRS Form 8874B - Notice of Recapture Event for New Markets Credit
Internal Revenue Service Form 8874-B is a Notice of Recapture Event for New Markets Credit that qualified community development entities must file to inform taxpayers of a recapture. It must be mailed to the IRS Center in Philadelphia, PA.
Risk Radar
Scan points- 1Missing the required signature subjects the filer to perjury penalties.
- 2Failing to deliver the original notice to the taxpayer within the 60‑day window after the CDE learns of the recapture event.
- 3Leaving the signature line blank, which invalidates the perjury declaration.
- 4Omitting the required reason for recapture or selecting the wrong option.
- 5Not reporting the aggregate decrease in credit for each applicable year (years 1‑7).
Plain English
When a qualified community development entity (CDE) experiences a recapture event for a New Markets Credit, it must notify the investor. The form reports the event, the amount of credit being taken back, and the reason. The CDE signs, sends a copy to the IRS, and keeps a copy for its records.
Submission Date
- Filing date: 2012-07-17 00:00:00
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when a qualified community development entity must notify a taxpayer holder that a recapture event for the New Markets Credit has occurred.
- Do not use it when you are claiming the New Markets Credit or reporting a regular tax return.
- Check Form 8874 instead when you need to claim the New Markets Credit rather than report a recapture.
Form selector
Use this form or another form?
Need to claim the New Markets Credit for a qualified equity investment
Form 8874 reports the credit, while Form 8874‑B only notifies recapture
✓ Confirm you are not reporting a recapture event
CDE must notify a taxpayer of a recapture event
This form is required to inform the taxpayer of the recapture
✓ Verify the 60‑day filing deadline
Providing the required copy of the notice to the taxpayer
The taxpayer must receive the notice within 60 days of awareness
✓ Ensure the taxpayer’s name and TIN are correct
Deadline or filing window
A recapture event triggers the filing requirement. The CDE must give the taxpayer the original notice within 60 days of learning of the event. No extension is provided in the instructions.
Checklist
What you need before filling it out
Name of qualified CDE
CDE’s legal name as on IRS records · Form field line 1
EIN of qualified CDE
Employer Identification Number document · Form field line 2
Date of recapture event
Date CDE became aware of the event · Form field line 7 (mm/dd/yyyy)
Amount of New Markets Credit captured
Calculation of credit to be recaptured · Form field line 8
Signature of authorized official of CDE
Handwritten signature of a CDE officer · Signature block at bottom
Before you submit
- 1Verify the CDE name matches its EIN
- 2Enter the taxpayer’s name exactly as on their tax return
- 3Enter the taxpayer’s TIN without errors
- 4Use mm/dd/yyyy format for all dates
- 5Confirm the amount of qualified equity investment is correct
- 6Select the appropriate reason for recapture
- 7Sign the form as an authorized official of the CDE
- 8Date the signature line
- 9Mail a copy to the IRS Center Philadelphia, PA 19255‑0549
- 10Send the original to the taxpayer within 60 days
- 11Retain a copy for your records
How to file this form
- 1Complete all required fields on Form 8874‑B
- 2Sign and date the form as an authorized CDE official
- 3Mail the original notice to the taxpayer holder within 60 days of awareness
- 4Mail a copy of the notice to the IRS Center Philadelphia, PA 19255‑0549
- 5File a retained copy for recordkeeping
Known limitations
- 1Form 8874‑B does not apply to initial New Markets Credit claims.
- 2It is not used for investments that are not qualified equity investments.
- 3The form is not required when no recapture event has occurred.
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.
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Fillable formOpen in Editor->Form 8874‑B is dated Rev. December 2011. The source does not indicate a newer revision, so this is the current edition.
What changed or needs a fresh check
- Edition date — confirm the form shows Rev. December 2011
- Fee — Not stated in the official source
- Mailing address — confirm IRS Center Philadelphia, PA 19255‑0549
- Signature — confirm an authorized official of the CDE signs the form
- Deadline — confirm the original must be provided to the taxpayer within 60 days after the CDE becomes aware of the recapture event
Quick Facts
Downloads
After you file
- 1Keep the signed copy in the CDE’s records.
- 2Retain supporting documentation as long as it may become material to tax administration.
- 3Monitor for any IRS acknowledgment or follow‑up correspondence.
- 4If an error is discovered, prepare and file a corrected Form 8874‑B promptly.
Sources
- SRCForm p.1 — title shows "Form 8874‑B (Rev. December 2011)"
- SRCForm p.2 — "Where To File" lists Department of the Treasury Internal Revenue Service Center Philadelphia, PA 19255‑0549
- SRCForm p.2 — "When To File" states the original must be provided to the taxpayer no later than 60 days after the CDE becomes aware of the recapture event
- SRCForm p.2 — purpose paragraph confirms CDEs must provide notification to any taxpayer holder of a qualified equity investment that a recapture event has occurred
- SRCForm p.2 — mentions "Form 8874, New Markets Credit" as the related credit‑claiming form
- SRCForm p.1 — signature block requires "Signature of authorized official of CDE"
- SRCNot stated in the official source — verify on the agency site
Common confusion points
Do I need to file this if the CDE is still a CDE?
The form is only for recapture events, not for ongoing CDE status.
→ Verify that a recapture event has actually occurred.
What if the taxpayer’s TIN is missing?
The TIN field is required for the notice to be valid.
→ Ensure the correct TIN is obtained before filing.
Can I send the form electronically?
The source specifies mailing to the IRS Center and the taxpayer; no electronic filing is mentioned.
→ Use the postal address provided.
Is a separate form needed for each investment?
The source states a separate notice must be provided for each qualified equity investment.
→ Prepare one Form 8874‑B per investment.
What if the recapture event date is unknown?
The form requires a specific date (mm/dd/yyyy).
→ Use the date the CDE became aware of the event.
Do I need to include supporting calculations?
The source does not require attaching calculations, only the amounts on the form.
→ Double‑check the amounts entered.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 8874‑B — file a corrected notice to address errors
Questions about IRS Form 8874B
What is IRS Form 8874B used for?
When a qualified community development entity (CDE) experiences a recapture event for a New Markets Credit, it must notify the investor. The form reports the event, the amount of credit being taken back, and the reason. The CDE signs, sends a copy to the IRS, and keeps a copy for its records.
Who must file IRS Form 8874B?
The qualified community development entity (CDE) that experiences the recapture event must file IRS Form 8874‑B.
What information does IRS Form 8874B require?
The form collects the CDE’s name and EIN, the taxpayer’s name and TIN, dates and amounts of the original investment and recapture event, the amount of credit captured, the reason for recapture, and the aggregate credit decrease for each year.
When is IRS Form 8874B due?
The original signed form must be provided to the taxpayer no later than 60 days after the CDE becomes aware of the recapture event.
Where do I file IRS Form 8874B?
A copy of the form is sent to the Internal Revenue Service Center in Philadelphia, PA 19255‑0549.
How do I complete IRS Form 8874B?
The CDE completes lines 1‑10, entering the required dates, amounts, reason for recapture, and yearly credit decreases. It signs and dates the form under penalty of perjury. The CDE mails the original to the taxpayer within 60 days and sends a copy to the IRS Center in Philadelphia, PA, retaining a copy for its records.
What happens if IRS Form 8874B is filed incorrectly?
If the signed statement is false, the signer is subject to penalties of perjury under the Internal Revenue Code.
Do I need to file this if the CDE is still a CDE?
The form is only for recapture events, not for ongoing CDE status. Verify that a recapture event has actually occurred.
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