Instructions For Form 3800 - General Business Credit - Internal Revenue Service - 2008 Page 2
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first-in, first-out basis by offsetting the
Form 8900 for years prior to 2008.
Specific Instructions
earliest-earned credits first. Therefore, the
For each credit, attach a detailed
order in which the credits are used in any
computation showing: (a) the tax year the
tax year is:
Part I. Current Year Credit
credit originated, the amount of the credit,
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Carryforwards to that year, the earliest
and the amount allowed for that year; (b)
Complete and attach the appropriate
ones first,
for each carryback year, the year and the
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credit forms used to figure your current
The general business credit earned in
amount of the credit allowed after you
year credit. Generally, if you are a
that year, and
applied the carryback; and (c) for each
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taxpayer that is not a partnership or S
The carryback to that year.
carryforward year, the year and the
corporation, and your only source for a
amount of the credit allowed after you
credit listed in Part I of this form is from a
When relevant, the components of the
applied the carryforward.
partnership, S corporation, estate, trust,
general business credit reported on Form
or cooperative, you are not required to
3800 arising in a single tax year are used
Line 7
complete the source credit form or attach
in the following order.
Use line 7 only when you amend your
it to Form 3800. The following exceptions
2008 return to carry back unused credits
Part I, line 1
apply:
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from 2009.
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You are claiming the investment credit
Investment credit (in the following
(Form 3468) or biodiesel and renewable
order — rehabilitation credit, energy
Part II. Allowable Credit
diesel fuels credit (Form 8864).
credit, qualifying advanced coal project
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The taxpayer is an estate or trust and
credit, and qualifying gasification project
Line 15
the source credit can be allocated to
credit).
See section 38(c)(5) for special rules that
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beneficiaries. For more details, see the
Welfare-to-work credit.
apply to married couples filing separate
Instructions for Form 1041, U.S. Income
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Credit for increasing research activities.
returns, controlled corporate groups,
Tax Return for Estates and Trusts,
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Low-income housing credit.
regulated investment companies, real
Schedule K-1, box 13.
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Disabled access credit.
estate investment trusts, and estates and
The taxpayer is a cooperative and the
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trusts.
Renewable electricity production credit.
source credit can or must be allocated to
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patrons. For more details, see the
Indian employment credit.
Line 16
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Instructions for Form 1120-C, U.S.
Orphan drug credit.
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Although you may not owe AMT, you
Income Tax Return for Cooperative
New markets credit.
generally must still compute the tentative
Associations, Schedule J, line 5c.
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Credit for small employer pension plan
minimum tax (TMT) to figure your credit.
Lines 1a and 29a
startup costs.
Enter zero on line 16 if:
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Credit for employer-provided child care
If you are a cooperative described in
You are a small corporation exempt
facilities and services.
section 1381(a), you must allocate to your
from the AMT under section 55(e) or
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Biodiesel and renewable diesel fuels
patrons the investment credit in excess of
The only general business credit you
credit.
your tax liability limit. Allocate to your
are claiming is on line 29.
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Low sulfur diesel fuel production credit.
patrons the portion, if any, of the
Otherwise, complete and attach the
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investment credit on line 8 or line 30 in
appropriate AMT form or schedule and
Distilled spirits credit.
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excess of line 18a or line 28, respectively.
enter the TMT on line 16.
Nonconventional source fuel credit.
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While any excess is allocated to patrons,
Energy efficient home credit.
Line 18b
any credit recapture applies as if you as
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Energy efficient appliance credit.
the cooperative had claimed the entire
For its first tax year ending after March
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Alternative motor vehicle credit.
credit.
31, 2008, a corporation can elect to
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Alternative fuel vehicle refueling
accelerate its use of unused research
Line 1z
property credit.
credit carryforwards from tax years
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Enter the total of the amounts shown in
Credits for affected Midwestern
beginning before 2006 and obtain a
box 7 of the Schedules K-1 (Form
Disaster Area employers.
refundable credit in lieu of the special
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1065-B), Partner’s Share of Income
Mine rescue team training credit.
depreciation allowance on eligible
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(Loss) From an Electing Large
qualified property (see Eligible qualified
Agricultural chemicals security credit.
Partnership, you received from electing
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property below). If the election is made,
Credit for employer differential wage
large partnerships (ELPs).
the corporation must do the following.
payments.
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Forego the special depreciation
Line 3
Carbon dioxide sequestration credit.
allowance for eligible qualified property
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Credit for contributions to selected
Enter the credits included on line 2 that
acquired (including manufactured,
community development corporations.
are from passive activities. Generally, a
constructed, or produced) after March 31,
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General credits from an electing large
passive activity is a trade or business in
2008, and placed in service generally
partnership.
which you did not materially participate.
before January 1, 2009, and
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Generally, rental activities are passive
Use the straight-line method of
Part II, lines 24 and 29
activities, whether or not you materially
depreciation on such property.
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participated. See Form 8582-CR, Passive
Empowerment zone and renewal
This election is extended for one year
Activity Credit Limitations, or Form 8810,
community employment credit.
to apply to property that is generally
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Corporate Passive Activity Loss and
Investment credit (in the following order
placed in service in 2009. If you made an
Credit Limitations, for details.
- rehabilitation credit and energy credit).
election to increase the research credit or
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Work opportunity credit.
Line 5
minimum tax credit limitations for your
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Alcohol and cellulosic biofuel fuels
first tax year ending after March 31, 2008,
Enter the passive activity credit allowed
credit.
you can choose not to have the election
from Form 8582-CR or Form 8810. See
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Low income housing credit.
apply to certain extension property
the instructions for the applicable form for
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(defined below). Otherwise, the original
Renewable electricity, refined coal,
details.
election continues to apply to both eligible
and Indian coal production credit.
Line 6
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qualified property and extension property.
Employer social security and Medicare
Add all carryforwards to 2008 of unused
However, in this case, separate bonus
taxes paid on certain employee tips.
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credits that are reported on Form 3800,
depreciation amounts, maximum increase
Qualified railroad track maintenance
Part I. Also include any carryforward to
amounts, and maximum amounts are
credit.
2008 of any unused credit from:
computed for eligible qualified property
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Although these credits are aggregated
Form 3468 for years prior to 2008.
and for extension property. If you did not
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on Form 3800, keep a separate record of
Form 5884 for years prior to 2007.
make the election for your first tax year
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each credit to ensure proper accounting
Form 6478 for years prior to 2005.
ending after March 31, 2008, you can
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of the credits.
Form 8846 for years prior to 2007.
make the election only for extension
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