Form 8846 - Credit For Employer Social Security And Medicare Taxes Paid On Certain Employee Tips - 2000 Page 2
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Form 8846 (2000)
Page
● Employer social security and Medicare
Line 1
General Instructions
taxes paid on certain employee tips (Form
Enter the tips received by employees for
Section references are to the Internal
8846).
services on which you paid or incurred
Revenue Code unless otherwise noted.
● Orphan drug (Form 8820).
employer social security and Medicare taxes
● Contributions to selected community
Purpose of Form
during the tax year. Include tips received from
development corporations (Form 8847).
customers for providing, delivering, or serving
Certain food and beverage establishments
● Trans-Alaska pipeline liability fund.
food or beverages for consumption if tipping
(see Who Should File below) use Form 8846
of employees for delivering or serving food or
The empowerment zone employment credit
to claim a credit for social security and
beverages is customary.
(Form 8844), while a component of the
Medicare taxes paid or incurred by the
Note: For services performed before 1997,
general business credit, is figured separately
employer on certain employees’ tips. The
include only tips received from customers in
on Form 8844 and is never carried to Form
credit is part of the general business credit.
connection with providing food or beverages
3800.
You can claim or elect not to claim the
for consumption on the premises of a food or
credit any time within 3 years from the due
Line 12
beverage establishment where tipping is
date of your return on either your original
customary.
Although you may not owe alternative
return or on an amended return.
minimum tax (AMT), you generally must still
Line 2
compute the tentative minimum tax (TMT) to
Who Should File
If you pay each tipped employee wages
figure your credit. For a small corporation
File Form 8846 if you meet both of the
(excluding tips) equal to or more than the
exempt from the AMT under section 55(e),
following conditions.
Federal minimum wage rate, enter zero on
enter zero. Otherwise, complete and attach
line 2.
the applicable AMT form or schedule and
1. You had employees who received tips
enter the TMT on line 12.
from customers for providing, delivering, or
Figure the amount of tips included on line
serving food or beverages for consumption if
1 that are not creditable for each employee
Line 14
tipping of employees for delivering or serving
on a monthly basis. This is the total amount
food or beverages is customary.
See section 38(c)(3) for special rules that
that would be payable to the employee at the
apply to married couples filing separate
Federal minimum wage rate reduced by the
Note: For services performed before 1997,
returns, controlled groups, regulated
wages (excluding tips) actually paid to the
your employees also must have provided the
investment companies, real estate investment
employee during the month. Enter on line 2
food or beverages for consumption on the
trusts, and estates and trusts.
the total amounts figured for all employees.
premises of a food or beverage establishment.
2. During the tax year, you paid or incurred
Line 17
Line 4
employer social security and Medicare taxes
If you cannot use all of the credit because of
If any tipped employee’s wages and tips
on those tips.
the tax liability limit (line 16 is smaller than
exceeded the 2000 social security tax wage
line 6), carry the excess credit back 1 year
How the Credit Is Figured
base of $76,200 subject to the 6.2% rate,
then forward for up to 20 years. See the
check the box on line 4 and attach a
Generally, the credit equals the amount of
Instructions for Form 3800 for details.
separate computation showing the amount of
employer social security and Medicare taxes
tips subject to only the Medicare tax rate of
paid or incurred by the employer on tips
1.45%. Subtract these tips from the line 3
Paperwork Reduction Act Notice. We ask
received by the employee. However, the
tips, and multiply the difference by .0765.
for the information on this form to carry out
employer social security and Medicare taxes
Then, multiply the tips subject only to the
the Internal Revenue laws of the United
on tips that are used to meet the Federal
Medicare tax by .0145. Enter the sum of
States. You are required to give us the
minimum wage rate applicable to the
these amounts on line 4.
information. We need it to ensure that you are
employee under the Fair Labor Standards Act
Reduce the income tax deduction for
complying with these laws and to allow us to
are not used in the computation. The Federal
employer social security and Medicare taxes
figure and collect the right amount of tax.
minimum wage rate is $5.15 per hour as of
by the amount on line 4.
You are not required to provide the
September 1, 1997.
information requested on a form that is
For example, an employee worked 100
Who Must File Form 3800
subject to the Paperwork Reduction Act
hours and received $350 in tips for October
Complete Form 3800, General Business
unless the form displays a valid OMB control
2000. The worker received $375 in wages
Credit, instead of completing Part II of Form
number. Books or records relating to a form
(excluding tips) at the rate of $3.75 an hour.
8846 to figure the tax liability limit for the
or its instructions must be retained as long as
Because the Federal minimum wage rate was
credit if for this year you have:
their contents may become material in the
$5.15 an hour, the employee would have
● More than one of the credits included in
administration of any Internal Revenue law.
received wages, excluding tips, of $515 had
Generally, tax returns and return information
the general business credit listed below,
the employee been paid at the Federal
are confidential, as required by section 6103.
● A carryback or carryforward of any of the
minimum wage rate. Thus, only $210 of the
The time needed to complete and file this
employee’s tips for October 2000 is taken
credits,
form will vary depending on individual
into account for credit purposes.
● A credit from a passive activity, or
circumstances. The estimated average time
● General credits from an electing large
is:
Specific Instructions
partnership (Schedule K-1 (Form 1065-B)).
Recordkeeping
7 hr., 53 min.
The general business credit consists of the
Figure the current year credit from your trade
Learning about
following credits.
or business on lines 1 through 4. Skip lines 1
the law or the form
18 min.
● Investment (Form 3468).
through 4 if you are claiming only a credit
Preparing and sending
● Work opportunity (Form 5884).
that was allocated to you from an
the form to the IRS
26 min.
S corporation or a partnership.
● Welfare-to-work (Form 8861).
If you have comments concerning the
● Alcohol used as fuel (Form 6478).
accuracy of these time estimates or
S Corporations and Partnerships
● Research (Form 6765).
suggestions for making this form simpler, we
S corporations and partnerships figure their
would be happy to hear from you. See
● Low-income housing (Form 8586).
current year credit on lines 1 through 4, enter
instructions for the tax return with which this
● Enhanced oil recovery (Form 8830).
any credit from other flow-through entities on
form is filed.
● Disabled access (Form 8826).
line 5, and allocate the credit on line 6 to the
shareholders or partners. Attach Form 8846
● Renewable electricity production (Form
to Form 1120S or 1065 and show on
8835).
Schedule K-1 each shareholder’s or partner’s
● Indian employment (Form 8845).
credit. Electing large partnerships, include this
credit in “general credits.”
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