Looking for a Form 8835 Templates? Download it for free!

determine the allowed credits that can be allocated to

laws of the United States. You are required to give us the

patrons. For details, see the Instructions for Form 8810.

information. We need it to ensure that you are complying

with these laws and to allow us to figure and collect the

The cooperative is deemed to have made the election

right amount of tax.

by completing line 11 or line 31, as applicable. However,

the election is not effective unless (a) made on a timely

You are not required to provide the information

filed return (including extensions) and (b) the organization

requested on a form that is subject to the Paperwork

designates the apportionment in a written notice mailed to

Reduction Act unless the form displays a valid OMB

its patrons during the payment period described in section

control number. Books or records relating to a form or its

1382(d) or on Form 1099-PATR.

instructions must be retained as long as their contents

If you timely file your return without making an election,

may become material in the administration of any Internal

you can still make the election by filing an amended return

Revenue law. Generally, tax returns and return

within 6 months of the due date of the return (excluding

information are confidential, as required by section 6103.

extensions). Enter “Filed pursuant to section 301.9100-2”

The time needed to complete and file this form will vary

on the amended return.

depending on individual circumstances. The estimated

Once made, the election cannot be revoked.

burden for individual taxpayers filing this form is approved

under OMB control number 1545-0074 and is included in

Estates and trusts. Allocate the credit on line 10 or

the estimates shown in the instructions for their individual

line 30 between the estate or trust and the beneficiaries in

income tax return. The estimated burden for all other

the same proportion as income was allocated and enter

taxpayers who file this form is shown below.

the beneficiaries’ share on line 11 or line 31.

If the estate or trust is subject to the passive activity

Recordkeeping

16 hr., 44 min.

rules, include on line 9 any Part I renewable electricity

. . . . . . . . . . . . . . . . . . . . .

Learning about the law or the form

2 hr., 47 min.

production credit and on line 29 any Part II renewable

. . . . . . . .

Preparing and sending the form to the IRS

3 hr., 10 min.

electricity, refined coal, and Indian coal production credit

. .

from passive activities disallowed for prior years and

carried forward to this year. Complete Form 8582-CR,

If you have comments concerning the accuracy of

Passive Activity Credit Limitations, to determine the

these time estimates or suggestions for making this form

allowed credit that must be allocated between the estate

simpler, we would be happy to hear from you. See the

or trust and the beneficiaries. For details, see the

instructions for the tax return with which this form is filed.

Instructions for Form 8582-CR.

Paperwork Reduction Act Notice. We ask for the

information on this form to carry out the Internal Revenue

-5-

Instructions for Form 8835 (2014)

Instructions For Form 8835 - Renewable Electricity, Refined Coal, And Indian Coal Production Credit - 2014 Page 5

Related Articles

Related forms

Related Categories