IRS Form 8827 "Credit for Prior Year Minimum Tax - Corporations"

IRS Form 8827 is a U.S. Department of the Treasury - Internal Revenue Service - issued form also known as the "Credit For Prior Year Minimum Tax - Corporations".

Download a PDF version of the latest IRS Form 8827 down below or find it on the U.S. Department of the Treasury - Internal Revenue Service Forms website.

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Download IRS Form 8827 "Credit for Prior Year Minimum Tax - Corporations"

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8827
Credit for Prior Year Minimum Tax—Corporations
OMB No. 1545-0123
Form
2018
Attach to the corporation’s tax return.
Department of the Treasury
Go to www.irs.gov/Form8827 for the latest information.
Internal Revenue Service
Employer identification number
Name
1
Alternative minimum tax (AMT) for 2017. Enter the amount from line 14 of the 2017 Form 4626
1
2
Minimum tax credit carryforward from 2017. Enter the amount from line 9 of the 2017 Form 8827
2
3
3
Enter any 2017 unallowed qualified electric vehicle credit (see instructions) .
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4
Add lines 1, 2, and 3 .
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4
5
Enter the corporation’s 2018 regular income tax liability minus allowable tax credits (see
5
instructions) .
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6
Enter the refundable minimum tax credit (see instructions) .
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6
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Add lines 5 and 6 .
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8 a Enter the smaller of line 4 or line 7. If the corporation had a post-1986 ownership change or has
8a
pre-acquisition excess credits, see instructions
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b Current year minimum tax credit. Enter the smaller of line 4 or line 5 here and on Form 1120,
Schedule J, Part I, line 5d (or the applicable line of your return). If the corporation had a
post-1986 ownership change or has pre-acquisition excess credits, see instructions. If you
made an entry on line 6, go to line 8c. Otherwise, skip line 8c .
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8b
c Subtract line 8b from line 8a. This is the current year refundable minimum tax credit. Include this
8c
amount on Form 1120, Schedule J, Part III, line 20c (or the applicable line of your return)
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9
Minimum tax credit carryforward to 2019. Subtract line 8a from line 4. Keep a record of this
amount to carry forward and use in future years .
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9
Instructions
Who Should File
Line 6
Beginning in 2018, the minimum tax credit
Form 8827 should be filed by corporations
Section references are to the Internal
limitation is increased by the AMT
that had:
Revenue Code unless otherwise noted.
refundable credit amount. The portion of
• An AMT liability in 2017,
What’s New
the credit treated as refundable is 50% of
• A minimum tax credit carryforward from
the excess of minimum tax credits
Refundable minimum tax credit. For tax
2017 to 2018, or
available over the 2018 regular tax liability.
years beginning in 2018, the minimum tax
Complete the Worksheet for Calculating the
• A qualified electric vehicle credit not
credit limitation is increased by the AMT
Refundable Minimum Tax Credit Amount,
allowed for 2017 (see the instructions for
refundable credit amount. See the
later in the instructions. Enter the amount
line 3).
instructions for line 6.
from line 6 of the worksheet on Form 8827,
Line 3
line 6.
Purpose of Form
Enter any qualified electric vehicle credit
Note: A corporation with a short tax year
Corporations use Form 8827 to figure the
not allowed for 2017 solely because of
(less than 12 months) must prorate the
minimum tax credit, if any, for AMT
tentative minimum tax limitations.
refundable credit based on the number of
incurred in prior tax years, the refundable
Line 5
days in their tax year.
AMT credit amount, and to figure any
Enter the corporation’s 2018 regular
minimum tax credit carryforward.
income tax liability, as defined in section
26(b) (S corporations also see section
1374(b)(3)(B), minus any credits allowed
under Chapter 1, Subchapter A, Part IV,
subparts B, D, E, and F of the Internal
Revenue Code (for example, if filing Form
1120, subtract any credits on Schedule J,
Part I, lines 5a through 5c, from the amount
on Schedule J, Part I, line 2).
8827
For Paperwork Reduction Act Notice, see instructions.
Form
(2018)
Cat. No. 13008K
8827
Credit for Prior Year Minimum Tax—Corporations
OMB No. 1545-0123
Form
2018
Attach to the corporation’s tax return.
Department of the Treasury
Go to www.irs.gov/Form8827 for the latest information.
Internal Revenue Service
Employer identification number
Name
1
Alternative minimum tax (AMT) for 2017. Enter the amount from line 14 of the 2017 Form 4626
1
2
Minimum tax credit carryforward from 2017. Enter the amount from line 9 of the 2017 Form 8827
2
3
3
Enter any 2017 unallowed qualified electric vehicle credit (see instructions) .
.
.
.
.
.
.
4
Add lines 1, 2, and 3 .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
4
5
Enter the corporation’s 2018 regular income tax liability minus allowable tax credits (see
5
instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
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6
Enter the refundable minimum tax credit (see instructions) .
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.
6
7
Add lines 5 and 6 .
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.
7
8 a Enter the smaller of line 4 or line 7. If the corporation had a post-1986 ownership change or has
8a
pre-acquisition excess credits, see instructions
.
.
.
.
.
.
.
.
.
.
.
.
.
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b Current year minimum tax credit. Enter the smaller of line 4 or line 5 here and on Form 1120,
Schedule J, Part I, line 5d (or the applicable line of your return). If the corporation had a
post-1986 ownership change or has pre-acquisition excess credits, see instructions. If you
made an entry on line 6, go to line 8c. Otherwise, skip line 8c .
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8b
c Subtract line 8b from line 8a. This is the current year refundable minimum tax credit. Include this
8c
amount on Form 1120, Schedule J, Part III, line 20c (or the applicable line of your return)
.
.
9
Minimum tax credit carryforward to 2019. Subtract line 8a from line 4. Keep a record of this
amount to carry forward and use in future years .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
9
Instructions
Who Should File
Line 6
Beginning in 2018, the minimum tax credit
Form 8827 should be filed by corporations
Section references are to the Internal
limitation is increased by the AMT
that had:
Revenue Code unless otherwise noted.
refundable credit amount. The portion of
• An AMT liability in 2017,
What’s New
the credit treated as refundable is 50% of
• A minimum tax credit carryforward from
the excess of minimum tax credits
Refundable minimum tax credit. For tax
2017 to 2018, or
available over the 2018 regular tax liability.
years beginning in 2018, the minimum tax
Complete the Worksheet for Calculating the
• A qualified electric vehicle credit not
credit limitation is increased by the AMT
Refundable Minimum Tax Credit Amount,
allowed for 2017 (see the instructions for
refundable credit amount. See the
later in the instructions. Enter the amount
line 3).
instructions for line 6.
from line 6 of the worksheet on Form 8827,
Line 3
line 6.
Purpose of Form
Enter any qualified electric vehicle credit
Note: A corporation with a short tax year
Corporations use Form 8827 to figure the
not allowed for 2017 solely because of
(less than 12 months) must prorate the
minimum tax credit, if any, for AMT
tentative minimum tax limitations.
refundable credit based on the number of
incurred in prior tax years, the refundable
Line 5
days in their tax year.
AMT credit amount, and to figure any
Enter the corporation’s 2018 regular
minimum tax credit carryforward.
income tax liability, as defined in section
26(b) (S corporations also see section
1374(b)(3)(B), minus any credits allowed
under Chapter 1, Subchapter A, Part IV,
subparts B, D, E, and F of the Internal
Revenue Code (for example, if filing Form
1120, subtract any credits on Schedule J,
Part I, lines 5a through 5c, from the amount
on Schedule J, Part I, line 2).
8827
For Paperwork Reduction Act Notice, see instructions.
Form
(2018)
Cat. No. 13008K
2
Form 8827 (2018)
Page
Worksheet for Calculating the Refundable Minimum Tax Credit Amount. See instructions. Keep for your records.
1
Alternative minimum tax for 2017. Enter the amount from line 14 of the 2017 Form 4626 .
.
.
.
.
.
1
2
Minimum tax credit carryforward from 2017. Enter the amount from line 9 of the 2017 Form 8827 .
.
.
2
3
Add lines 1 and 2 .
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.
.
.
.
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.
3
4
4
Enter the corporation’s 2018 regular tax minus allowable credits (see instructions for Form 8827, line 5)
5
Subtract line 4 from line 3 .
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5
6
Refundable minimum tax credit. Multiply line 5 by 50% (0.50). Enter this amount on Form 8827, line 6
6
Line 8
If either limit applies, attach a
The time needed to complete and file
computation of the allowable minimum tax
this form will vary depending on individual
If the corporation had a post-1986
credit, enter the amount on lines 8a and
circumstances. The estimated burden for
ownership change (as defined in section
8b, and write “Sec. 383” or “Sec. 384” on
business taxpayers filing this form is
382(g)), there may be a limit on the amount
the dotted line to the left of the line 8a and
approved under OMB control number
of pre-change minimum tax credits that
8b entry spaces.
1545-0123 and is included in the estimates
can be applied against the corporation’s
shown in the instructions for their business
tax for any tax year ending after the
Paperwork Reduction Act Notice. We
income tax return.
ownership change. See section 383 and
ask for the information on this form to carry
If you have comments concerning the
the related regulations. To figure the
out the Internal Revenue laws of the United
accuracy of these time estimates, or
amount of the pre-change credit, the
States. You are required to give us the
suggestions for making this form simpler,
corporation must allocate the credit for the
information. We need it to ensure that you
we would be happy to hear from you. See
change year between the pre-change
are complying with these laws and to allow
the instructions for the tax return with
period and the post-change period. The
us to figure and collect the right amount of
which this form is filed.
corporation must use the same method of
tax.
allocation (ratable allocation or
You are not required to provide the
closing-of-the-books) for purposes of
information requested on a form that is
sections 382 and 383. See Regulations
subject to the Paperwork Reduction Act
section 1.382-6 for details.
unless the form displays a valid OMB
Also, there may be a limit on the use of
control number. Books or records relating
pre-acquisition excess credits of one
to a form or its instructions must be
corporation to offset the tax attributable to
retained as long as their contents may
recognized built-in gains of another
become material in the administration of
corporation. See section 384 for details.
any Internal Revenue law. Generally, tax
returns and return information are
confidential, as required by section 6103.
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