Instructions For Form 6765 - Credit For Increasing Research Activities - 2016 Page 5
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5Keep for Your Records
Worksheet for Figuring General Business Credit Carryforward
1.
Enter the sum of the following lines from Form 3800, Part I, line 6, and Part II, line 25 and line 36 . . . . . . . . . . . . . . . . . . . . . . . . . .
1.______
2.
Enter the amount from Form 3800, Part II, line 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.______
3.
Subtract line 2 from line 1
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3.______
4.
Enter the amount from Form 3800, Part I, line 5, and Part II, line 35
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.______
5.
Current year general business credit carryforward. Subtract line 4 from line 3. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . .
5.______
Line 39
payroll tax credit. See the definition of "Qualified Small
Business" under Definitions, earlier.
Estates and trusts. Allocate the credit for increasing
Line 42
research activities on line 38 between the estate or trust and
the beneficiaries in the same proportion as income was
Enter the portion of your research credit, figured on line 36,
allocated and enter the beneficiaries’ share on line 39.
that you are claiming as a payroll tax credit. Do not enter
more than $250,000.
If the estate or trust is subject to the passive activity rules,
include on line 37 any credit for increasing research from
Line 43
passive activities disallowed for prior years and carried
Use the worksheet above to figure the general business
forward to this year. Complete Form 8582-CR, Passive
credit carryforward for the current year.
Activity Credit Limitations, to determine the allowed credit
that must be allocated between the estate or trust and the
Line 44
beneficiaries. For details, see the Instructions for Form
Enter the amount from line 44 on Form 8974, Qualified Small
8582-CR.
Business Payroll Tax Credit for Increasing Research
Section D—Qualified Small Business Payroll
Activities, line 5. Use Form 8974 to figure the amount to be
applied to your payroll taxes.
Tax Election and Payroll Tax Credit
Complete this section only if you are making the payroll tax
A qualified small business claiming a portion of the
election. Before completing this section, you must complete
research credit as a payroll tax credit must adjust the
Form 3800 if you are a qualified small business other than a
research credit carryforward for the payroll tax credit claimed.
partnership or an S corporation.
Line 41
Check the box on line 41 if you are a qualified small business
electing to claim a certain portion of your research credit as a
Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the
United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to
allow us to figure and collect the right amount of tax.
You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless
the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long
as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return
information are confidential, as required by section 6103.
The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden for
individual and business taxpayers filing this form is approved under OMB control number 1545-0074 and 1545-0123 and is
included in the estimates shown in the instructions for their individual and business income tax return. The estimated burden for
all other taxpayers who file this form is shown below.
Recordkeeping
10 hr., 31 min.
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Learning about the law or the form
2 hr., 25 min.
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Preparing and sending the form to the IRS
5 hr., 6 min.
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If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we
would be happy to hear from you. See the instructions for the tax return with which this form is filed.
-5-
Instructions for Form 6765 (2016)
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