Instructions For Forms 8804, 8805, And 8813 - Internal Revenue Service - 1991 Page 6
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8WORKSHEET TO FIGURE 1992 INSTALLMENT PAYMENTS OF SECTION 1446 TAX FOR A FOREIGN PARTNER
(Keep for your records—Do not send to the Internal Revenue Service)
Important Change.—The Tax Extension Act of 1991 changed the rules for figuring installment payments of section 1446 tax figured using the
principles of section 6655(e)(2). For tax years beginning In 1992, the percentage of tax required to be paid in installments during the tax year has
increased from 90% to 93%. See line 10 of the worksheet for the applicable percentage for each installment.
(a) 1st
(b) 2nd
(c) 3rd
(d) 4th
Caution: Complete lines 1 through 13 of one column before going
Installment
Installment
Installment
Installment
to the next column.
Period
First 6 months
First 9 months
First 3 months
1
Enter the partnership's effectively connected taxable income for
1
each period
Annualization amounts
4
2
1.33333
2
2
Multiply line 1 by line 2
3
3
Period
First 3 months
First 11 months
First 5 months
First 8 months
4
Enter the partnership's effectively connected taxable income for
each period
4
4
2.4
1.09091
Annualization amounts
5
1.5
5
6
Multiply line 4 by line 5
6
7
Annualized effectively connected taxable Income. In column (a),
enter the amount from line 6, column (a). In columns (b), (c), and
(d) enter the smaller of the amounts; in each column on line 3 or
line 6
7
Foreign partner's annualized effectively connected taxable income.
8
8
Enter the foreign partner's share of line 7
9
Multiply line 8 by 31% (34% if the foreign partner is a corporation)
9
Applicable percentage
23.25%
46.5%
69.75%
10
10
93%
Multiply line 9 by line 10
11
11
12
12
Add the amounts in all preceding columns of line 13
13
Installment payments of section 1446 tax due for foreign partner.
Subtract line 12 from line 11. If less than zero, enter –0–
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