Instructions For Form 3800 - General Business Credit - Internal Revenue Service - 2006 Page 3
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3Taxable income attributes to
corporation acquires control of another
law. Generally, tax returns and return
the sole proprietorship or your
corporation (or acquires its assets in a
information are confidential, as required
interest in the pass-through
reorganization), section 384 may limit
by Internal Revenue Code section
entity
the amount of tax attributable to
6103.
(Line 13 – line 15)
x
Your taxable income for the
recognized built-in gains that may be
The time needed to complete and
year
offset by pre-acquisition general
file this form will vary depending on
business credits. If either of these
individual circumstances. The
The result figured above is limited to
limitations apply, attach a computation
the excess of line 13 over line 15. If in
estimated burden for individual
of the allowable general business
the current tax year you had no taxable
taxpayers filing this form is approved
credit, enter the amount on line 19, and
income attributable to a particular
under OMB control number 1545-0074
write “Sec. 383” or “Sec. 384” in the
and is included in the estimates shown
business interest, you cannot claim any
margin next to your entry on line 19.
in the instructions for their individual
research credit this year related to that
income tax return. The estimated
business.
Paperwork Reduction Act Notice.
burden for all other taxpayers who file
If your research credit is limited by
We ask for the information on this form
this form is shown below.
the above formula, refigure the amount
to carry out the Internal Revenue laws
to enter on line 19 using only the total
of the United States. You are required
Recordkeeping . . . . . . . . .
17 hr., 56 min.
of the amount calculated above for the
to give us the information. We need it to
research credit plus the general
Learning about the
ensure that you are complying with
law or the form . . . . . . . . . .
1 hr., 23 min.
business credit from other sources. If
these laws and to allow us to figure and
necessary, follow the Credit Ordering
collect the right amount of tax.
Preparing and sending
Rule, and take into account any
the form to the IRS . . . . . . .
1 hr., 42 min.
You are not required to provide the
passive activity credit limitations. Write
information requested on a form that is
If you have comments concerning
“Sec. 41(g)” on the dotted line next to
subject to the Paperwork Reduction Act
the accuracy of these time estimates or
your entry on line 19.
unless the form displays a valid OMB
suggestions for making this form
Corporations. If the corporation has
control number. Books or records
simpler, we would be happy to hear
undergone a post-1986 “ownership
relating to a form or its instructions
from you. See the instructions for the
change” (as defined in section 382(g)),
must be retained as long as their
tax return with which this form is filed.
section 383 may limit the amount of tax
contents may become material in the
that may be offset by pre-change
administration of any Internal Revenue
general business credits. Also, if a
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