Form 8804-W - Instruction For Form 1446 - 2008 (Page 3 of 3) in pdf

Form 8804-W (WORKSHEET) 2008

Page

percentage for this 6-month period, the amusement park figures

Line 31—Annualization Amounts

its ECTI for each May–October period in 2005, 2006, and 2007.

Enter the annualization amounts for the option used on line 29.

It then divides the ECTI for each May–October period by the

For example, if the partnership elects Option 1, enter on line 31

total ECTI for that particular tax year. The resulting percentages

the annualization amounts 6, 3, 1.71429, and 1.2, in columns (a)

are 69% (.69) for May–October 2005, 74% (.74) for May–October

through (d), respectively.

2006, and 67% (.67) for May–October 2007. Because the

average of 69%, 74%, and 67% is 70%, the base period

1st

2nd

3rd

4th

Installment

percentage for May through October 2008 is 70%. Therefore, the

amusement park qualifies for the adjusted seasonal installment

Standard option

1.33333

method.

Option 1

1.71429

1.2

Line 14

Option 2

2.4

1.5

1.09091

If the partnership has certain extraordinary items, special rules

apply. Do not include on line 14 the de minimus extraordinary

Lines 32a, 32d, 32g, and 32j

items that the partnership chooses to include on line 21b. See

If the partnership has certain extraordinary items that total $1

Extraordinary items on page 5.

million or more from a particular transaction, or a section 481(a)

Line 21b

adjustment, special rules apply. Include these amounts on line

32a, 32d, 32g, or 32j, depending upon the type of income

If the partnership has certain extraordinary items of $1 million or

against which the item applies, for the appropriate period. Also

more from a transaction, or a section 481(a) adjustment, special

include on line 32a, 32d, 32g, or 32j the de minimis extraordinary

rules apply. Include these amounts on line 21b for the

items that the partnership chooses to exclude from line 30a,

appropriate period. Also, include on line 21b the de minimis

30b, 30c, or 30d, respectively. See Extraordinary items on

extraordinary items that the partnership chooses to exclude from

page 5.

line 14. See Extraordinary items on page 5.

Lines 32b, 32e, 32h, and 32k

Line 22

Enter the reduction to the line 21c amount by reason of valid

Enter the reduction amounts by reason of valid certificates

certificates received from the foreign partner under Regulations

received from foreign partners under Regulations section

section 1.1446-6T. See Certification of Deductions and Losses in

1.1446-6T. See Certification of Deductions and Losses in the

the Instructions for Forms 8804, 8805, and 8813 for additional

Instructions for Forms 8804, 8805, and 8813 for additional

information.

information. Also see the last sentence of the instructions for

lines 1a, 1d, 1g, and 1j earlier for additional information.

Part III—Annualized Income Installment Method

Part IV—Required Installments Under Part II and/or

Line 29—Annualization Periods

Part III

Enter in the space on line 29, columns (a) through (d),

Line 37

respectively, the annualization periods that the partnership is

using, based on the options listed below. For example, if the

Before completing line 37 in columns (b) through (d), complete

partnership elects Option 1, enter on line 29 the annualization

lines 38 through 42 in each of the preceding columns. For

example, complete lines 38 through 42 in column (a) before

periods 2, 4, 7, and 10, in columns (a) through (d), respectively.

completing line 37 in column (b).

Use Option 1 or Option 2 only if the partnership

elected to use one of these options by filing Form

Line 42—Required Installments

8842, Election To Use Different Annualization

For each installment, enter the smaller of line 38 or line 41 on

Periods for Corporate Estimated Tax, on or before

CAUTION

line 42. Also enter the result on line 10.

the due date of the first required installment payment. Once

made, the election is irrevocable for the particular tax year.

Paperwork Reduction Act Notice. Your use of this form is

1st

2nd

3rd

4th

optional. It is provided to aid the partnership in determining its

Installment

tax liability.

Standard option

You are not required to provide the information requested on

a form that is subject to the Paperwork Reduction Act unless the

Option 1

form displays a valid OMB control number. Books or records

Option 2

relating to a form or its instructions must be retained as long as

their contents may become material in the administration of any

Line 30—Foreign Partner’s Allocable Share of ECTI

Internal Revenue law. Generally, tax returns and return

Enter on lines 30a through 30d the foreign partner’s allocable

information are confidential, as required by section 6103.

share of ECTI for the months entered for each annualization

The time needed to complete this form will vary depending on

period in columns (a) through (d) on line 29. To determine the

individual circumstances. The estimated average time is:

foreign partner’s allocable share of ECTI, see Effectively

Learning about the

Preparing

Connected Taxable Income in the Instructions for Forms 8804,

Form

Recordkeeping

law or the form

the form

8805, and 8813.

8804-W, Part I

8 hr., 7 min.

47 min.

57 min.

If the partnership has certain extraordinary items, special rules

8804-W, Part II

21 hr., 16 min.

6 min.

27 min.

apply. Do not include on line 30a, 30b, 30c, or 30d the de

8804-W, Part III

21 hr., 3 min.

6 min.

27 min.

minimis extraordinary items that the partnership chooses to

8804-W, Part IV

5 hr., 58 min.

6 min.

12 min.

include on line 32a, 32d, 32g, or 32j, respectively. See

If you have comments concerning the accuracy of these time

Extraordinary items on page 5.

estimates or suggestions for making this form simpler, we would

Note. With respect to lines 30b through 30d, enter the specified

be happy to hear from you. You can write to the Internal

types of ECTI if (a) such partner would be entitled to use a

Revenue Service, Tax Products Coordinating Committee,

preferential rate on such income or gain (see Regulations section

SE:W:CAR:MP:T:T:SP, 1111 Constitution Ave. NW, IR-6526,

1.1446-3(a)(2)) and (b) the partnership has sufficient

Washington, DC 20224. Do not send the tax form to this office.

documentation to meet the requirements of Regulations section

Instead, keep the form for your records.

1.1446-3(a)(2)(ii).

Form 8804-W - Instruction For Form 1446 - 2008 Page 3

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