Instructions For Form 3800 - 2015 printable pdf download

2015

Department of the Treasury

Internal Revenue Service

Instructions for Form 3800

General Business Credit

an amended return (Form 1040X,

zero to recapture the unused portion of the

Section references are to the Internal Revenue

Code unless otherwise noted.

Amended U.S. Individual Income Tax

credit.

Return, Form 1120X, Amended U.S.

Future Developments

See Form 4255 for any other recapture

Corporation Income Tax Return, or other

event (change in ownership or change in

amended return) for the prior tax year or

For the latest information about

use of property, etc.).

developments related to Form 3800 and

an application for tentative refund (Form

1045, Application for Tentative Refund, or

its instructions, such as legislation

Carryforward of certain Form 6478

Form 1139, Corporation Application for

enacted after they were published, go to

credits. The alcohol mixture credit, the

Tentative Refund). Generally, if you file an

alcohol credit, and the small ethanol

application for a tentative refund, it must

producer credit expired for fuels sold or

General Instructions

be filed by the end of the tax year following

used after 2011. The unused alcohol

the tax year in which the credit arose.

mixture credits, alcohol credits, and small

Partnerships and S corporations

ethanol producer credits (for all tax years)

No part of the unused credit for

must always complete the source

can't be carried to a tax year beginning

TIP

any year attributable to any credit

TIP

after 2014.

credit form. All other filers whose

can be carried back to any tax

only source for a credit listed on Form

Change in Filing or Marital

year before the first tax year for which that

3800, Part III, is from a partnership, S

credit was first allowable. See

Credit

Status

corporation, estate, trust, or cooperative

Ordering

Rule, later, to determine which

can report the credit directly on Form

Your general business credit is limited to

credits are allowed first.

3800. The following exceptions apply.

your tax liability. Therefore, if you filed a

You are claiming the investment credit

joint return in a carryback or carryforward

If you have an unused credit after

(Form 3468) or the biodiesel and

year and your marital status or filing status

carrying it back 1 year, carry it forward to

renewable diesel fuels credit (Form 8864)

has changed, you may need to figure your

each of the 20 tax years after the year of

in Part III with box A or B checked.

separate tax liability in that carryback or

the credit. Any qualified business credits

You are an estate or trust and the

carryforward year. This would apply if:

(as defined in section 196(c)) that are

source credit must be allocated to

You filed as single in the credit year, but

unused after the last tax year of the

beneficiaries. For more details, see the

filed a joint return in the carryback or

20-year carryforward period (or at the time

Instructions for Form 1041, U.S. Income

carryforward year;

an individual taxpayer dies or other

Tax Return for Estates and Trusts,

You filed a joint return in the credit year,

taxpayer, such as a corporation or

Schedule K-1, box 13.

but filed a joint return with a different

partnership, ceases to exist) may be taken

You are a cooperative and the source

spouse in the carryback or carryforward

as a deduction in the earlier of:

credit can or must be allocated to patrons.

year; or

The tax year following the last tax year

For more details, see the Instructions for

You were married and filed a separate

of the 20-year carryforward period, or

Form 1120-C, U.S. Income Tax Return for

return in the credit year, but filed a joint

The tax year in which the individual

Cooperative Associations, Schedule J,

return with the same or a different spouse

taxpayer dies or other taxpayer ceases to

line 5c.

in the carryback or carryforward year.

exist.

Determine your separate tax liability in

Carryforward of the energy credit and

Who Must File

the carryback or carryforward year as

the renewable electricity credit. The

You must file Form 3800 to claim any of

follows.

energy credit must be recaptured in full if a

the general business credits.

grant is paid under Public Law 111-5,

1. Figure your tax for the carryback or

section 1603, for investment in energy

carryforward year as though you were

Carryback and

property that an energy credit was

married filing a separate return.

Carryforward of

previously claimed or for investment in

2. Figure your spouse's tax in that

renewable energy property that an

Unused Credit

year as though he or she was married

election was made to treat the property as

filing a separate return.

energy property. Recapture is applicable

The carryforward may have to be

3. Add the amounts in steps (1)

to those amounts previously constituting

reduced in the event of any

and (2).

the qualified basis for an energy credit,

recapture event (change in

including progress expenditures, that are

4. Divide the amount in step (1) by the

CAUTION

ownership, change in use of property,

also the basis for the 1603 grant.

amount in step (3). The result should be

etc.). If a section 1603 grant is received,

Recapture is accomplished as follows.

rounded to at least three decimal places.

the carryforward must be reduced to zero.

1. Any portion of the energy credit

5. Multiply the decimal in step (4) by

For further information, see Form 4255,

related to that property that was used to

the total tax shown on your joint return for

Recapture of Investment Credit.

offset tax in a prior tax year must be added

the carryback or carryforward year. The

If you can't use part or all of your

to tax in the tax year the 1603 grant is

result is your separate tax liability and a

general business credit because of the tax

received. Recaptured tax is calculated on

carryback or carryforward credit is applied

liability limit (Part II, line 38, is less than the

Form 4255.

against this amount only.

sum of Part I, line 6, and Part II, lines 25

2. Any carryforward of the energy

Although your carryback or

and 36), carry the unused credit back one

credit related to that property is reduced to

carryforward of the credit is limited to your

year. To carry back an unused credit, file

Jul 02, 2015

Cat. No. 10622Q

Instructions For Form 3800 - 2015

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