Form 8846 - Credit For Employer Social Security And Medicare Taxes Paid On Certain Employee Tips 2000

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8846
OMB No. 1545-1414
Credit for Employer Social Security and Medicare Taxes
Form
2000
Paid on Certain Employee Tips
Attachment
Department of the Treasury
98
Attach to your return.
Internal Revenue Service
Sequence No.
Name(s) shown on return
Identifying number
Note: Claim this credit only for social secur ity and Medicare taxes paid by a food or beverage establishment where tipping is
customary for providing food or beverages. See the instructions for line 1.
Part I
Current Year Credit
1
Tips received by employees for services on which you paid or incurred employer social security
1
and Medicare taxes during the tax year (see instructions)
2
2
Tips not subject to the credit provisions (see instructions)
3
3
Creditable tips. Subtract line 2 from line 1
4
Current year credit (see instructions). Multiply line 3 by 7.65% (.0765). If you have any tipped
4
employee(s) whose wages (including tips) exceeded $76,200, check here
5
Form 8846 credits from
If you are a—
Then enter Form 8846 credit(s) from—
pass-through entities
a
Shareholder
Schedule K-1 (Form 1120S) lines 12d, 12e, or 13
5
b
Partner
Schedule K-1 (Form 1065) lines 12c, 12d, or 13
6
Total current year credit. Add lines 4 and 5
6
Part II
Tax Liability Limit (See Who Must File Form 3800 to find out if you complete Part II or file Form 3800.)
7
Regular tax before credits:
Individuals. Enter the amount from Form 1040, line 40
Corporations. Enter the amount from Form 1120, Schedule J, line 3; Form 1120-A,
7
Part I, line 1; or the applicable line of your return
Estates and trusts. Enter the sum of the amounts from Form 1041, Schedule G, lines 1a
and 1b, or the amount from the applicable line of your return
Alternative minimum tax:
8
Individuals. Enter the amount from Form 6251, line 28
8
Corporations. Enter the amount from Form 4626, line 15
Estates and trusts. Enter the amount from Form 1041, Schedule I, line 39
9
9
Add lines 7 and 8
10a
10a
Foreign tax credit
10b
b
Credit for child and dependent care expenses (Form 2441, line 9)
10c
c
Credit for the elderly or the disabled (Schedule R (Form 1040), line 20)
10d
d
Education credits (Form 8863, line 18)
10e
e
Child tax credit (Form 1040, line 47)
10f
f
Mortgage interest credit (Form 8396, line 11)
10g
g
Adoption credit (Form 8839, line 14)
10h
h
District of Columbia first-time homebuyer credit (Form 8859, line 11)
10i
i
Possessions tax credit (Form 5735, line 17 or 27)
10j
j
Credit for fuel from a nonconventional source
10k
k
Qualified electric vehicle credit (Form 8834, line 19)
10l
l
Add lines 10a through 10k
11
11
Net income tax. Subtract line 10l from line 9
12
Tentative minimum tax (see instructions):
Individuals. Enter the amount from Form 6251, line 26
Corporations. Enter the amount from Form 4626, line 13
12
Estates and trusts. Enter the amount from Form 1041,
Schedule I, line 37
13
13
Net regular tax. Subtract line 10l from line 7. If zero or less, enter -0-
14
Enter 25% (.25) of the excess, if any, of line 13 over $25,000 (see
14
instructions)
15
15
Enter the greater of line 12 or line 14
16
16
Subtract line 15 from line 11. If zero or less, enter -0-
17
Credit allowed for the current year. Enter the smaller of line 6 or line 16 here and on Form
1040, line 49; Form 1120, Schedule J, line 6d; Form 1120-A, Part I, line 4a; Form 1041, Schedule
G, line 2c; or the applicable line of your return
17
8846
For Paperwork Reduction Act Notice, see back of form.
Cat. No. 16148Z
Form
(2000)

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