Federal Excise Tax on Certain Transfers of Qualifying Geothermal or Mineral Interests

Excise Tax on Certain Transfers of Qualifying Geothermal or Mineral Interests
Form 8924 (Rev. December 2025)
8924

Form
(Rev. December 2025)
Department of the Treasury
Internal Revenue Service

Excise Tax on Certain Transfers of Qualifying
Geothermal or Mineral Interests

OMB No. 1545-2099

Go to www.irs.gov/Form8924 for instructions and the latest information.

Name of entity

Employer identification number (EIN)

Number and street (If a P.O. box, see instructions.)

Room or suite no.

City or town

State or province

Country

ZIP or foreign postal code

Tax Computation
1

Date of sale or other disposition (MM/DD/YYYY) .

2

If the property was sold or exchanged, enter the sales price of the interest transferred. If the
property was leased, enter the income realized as a result of the transfer . . . . . . . .

2

3

Cost or other basis of interest transferred. Enter -0- if the property was leased .

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3

4

Gain or income realized. Subtract line 3 from line 2. If zero or less, enter -0- .

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4

5

Fair market value of the interest transferred as of the date shown on line 1

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5

6

Multiply line 5 by 20% (0.20)

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6

7

Multiply line 4 by 21% (0.21)

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7

8

Tax. Add lines 6 and 7

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8

9

Tax paid with Form 7004, if any

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9

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11a

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Tax due. If line 8 is equal to or greater than line 9, subtract line 9 from line 8. For details on how
to pay, go to www.irs.gov/Payments or see the instructions . . . . . . . . . . . .

10

Overpayment. If line 9 is greater than line 8, subtract line 8 from line 9 and complete lines 11b,
11c, and 11d . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11a

b Routing number

c Type:

Checking

Savings

d Account number

Sign
Here

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.

Your signature

Paid
Preparer
Use Only

Preparer’s name

Date
Preparer’s signature

Title
Date

Firm’s name

PTIN

Firm’s EIN
Phone no.

Firm’s address

For Paperwork Reduction Act Notice, see separate instructions.

Check
if
self-employed

Cat. No. 37736P

Form 8924 (Rev. 12-2025) Created 6/27/25