Instructions For Form 3800 - General Business Credit - Internal Revenue Service - 2006 Page 2
ADVERTISEMENT
1
2
3Credit Ordering Rule
Line 5
Specific Instructions
General business credits reported on
Enter the passive activity credit allowed
Form 3800 are treated as used on a
from Form 8582-CR or Form 8810. See
first-in, first-out basis by offsetting the
Part I—Current Year
the instructions for the applicable form
earliest-earned credits first. Therefore,
for details.
Credit
the order in which the credits are used
Line 6
in any tax year is:
Complete and attach the appropriate
•
Carryforwards to that year, the
Add all carryforwards to 2006 of
credit forms to figure your current year
earliest ones first,
unused credits that are reported on
credit. Generally, if you are a taxpayer
•
Form 3800. Include any carryforward to
that is not a partnership or S
The general business credit earned
2006 of any unused credit from your
corporation, and your only source for a
in that year, and
•
Form 6478, Credit for Alcohol Used as
credit listed on this form is from a
The carryback to that year.
Fuel, for years prior to 2005.
partnership, S corporation, estate, trust,
When relevant, the components of
or cooperative, you are not required to
For each credit, attach a detailed
the general business credit reported on
complete the source credit form or
computation showing: (a) the tax year
Form 3800 arising in a single tax year
attach it to Form 3800. The following
the credit originated, the amount of the
are used in the following order.
exceptions apply:
credit, and the amount allowed for that
•
•
Investment credit (in the following
You are claiming the investment
year; (b) for each carryback year, the
order — rehabilitation credit, energy
credit (Form 3468) or biodiesel and
year and the amount of the credit
credit, qualifying advanced coal project
renewable diesel fuels credit (Form
allowed after you applied the carryback;
credit, and qualifying gasification
8864).
and (c) for each carryforward year, the
•
project credit).
The taxpayer is an estate or trust and
year and the amount of the credit
•
Work opportunity credit (including
the source credit can be allocated to
allowed after you applied the
any jobs credit carryforward).
beneficiaries. For more details, see the
carryforward.
•
Instructions for Form 1041, Schedule
Welfare-to-work credit.
•
Line 7
K-1, box 13.
Credit for increasing research
•
The taxpayer is a cooperative and
activities.
Use line 7 only when you amend your
•
the source credit can or must be
Low-income housing credit.
2006 return to carry back unused
•
allocated to patrons. For more details,
credits from 2007.
Enhanced oil recovery credit.
see the Instructions for Form 1120-C,
•
Disabled access credit.
Line 8
Schedule J, line 5c.
•
Renewable electricity production
If this line is zero, skip Part II.
credit.
Line 1a
•
Indian employment credit.
Part II—Allowable Credit
If you are a cooperative described in
•
Credit for employer social security
section 1381(a), you must allocate to
and Medicare taxes paid on certain
your patrons the investment credit in
Line 15
employee tips.
excess of your tax liability limit. Allocate
•
Orphan drug credit.
See section 38(c)(5) for special rules
to your patrons the portion, if any, of
•
that apply to married couples filing
New markets credit.
the investment credit on line 8 in
•
separate returns, controlled corporate
Credit for small employer pension
excess of line 18. While any excess is
groups, regulated investment
plan startup costs.
allocated to patrons, any credit
•
companies, real estate investment
Credit for employer-provided child
recapture applies as if you as the
trusts, and estates and trusts.
care facilities and services.
cooperative had claimed the entire
•
credit.
Qualified railroad track maintenance
Line 16
credit.
Although you may not owe AMT, you
•
Line 1f
Biodiesel and renewable diesel fuels
generally must still compute the
credit.
Complete this line only if you received a
tentative minimum tax (TMT) to figure
•
Low sulfur diesel fuel production
credit on a 2005 Schedule K-1 that you
your credit. For a small corporation
credit.
received from a partnership or S
exempt from the AMT under section
•
corporation that had a fiscal year
Distilled spirits credit.
55(e), enter zero. Otherwise, complete
•
beginning in 2005.
Nonconventional source fuel credit.
and attach the appropriate AMT form or
•
Energy efficient home credit.
schedule and enter the TMT on line 16.
Line 1z
•
Energy efficient appliance credit.
Line 19
•
Enter the total of the amounts shown in
Alternative motor vehicle credit.
•
box 7 of the Schedules K-1 (Form
If line 19 is smaller than line 8, see
Alternative fuel vehicle refueling
1065-B) you received from electing
Carryback and Carryforward of Unused
property credit.
•
large partnerships (ELPs).
Credit on page 1.
Credits for employers affected by
Hurricane Katrina, Rita, or Wilma.
Research credit limitation. If you are
Line 3
•
an individual, the amount of the
Mine rescue team training credit.
•
Enter the credits included on line 2 that
research credit that may be included on
Credit for contributions to selected
are from passive activities. Generally, a
line 19 is limited to the amount of tax
community development corporations.
•
passive activity is a trade or business in
attributable to your taxable income from
General credits from an electing
which you did not materially participate.
the sole proprietorship or your interest
large partnership.
Generally, rental activities are passive
in the partnership, S corporation,
Although these credits are
activities, whether or not you materially
estate, or trust (pass-through entity)
aggregated on Form 3800, keep a
participated. See Form 8582-CR,
generating the credit. Figure the
separate record of each credit to
Passive Activity Credit Limitations, or
research credit limitation separately for
ensure that no credits or deductions are
Form 8810, Corporate Passive Activity
each business enterprise by using the
squandered or duplicated.
Loss and Credit Limitations, for details.
following formula:
-2-
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial