Form 8902 - Alternative Tax On Qualifying Shipping Activities
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28902
Alternative Tax on Qualifying Shipping Activities
Form
OMB No. 1545-0123
(Rev. September 2017)
Attach to the corporation’s income tax return.
▶
Department of the Treasury
Go to for instructions and the latest information.
▶
Internal Revenue Service
Name of corporation (common parent, if consolidated return)
Employer identification number
Name of subsidiary (if consolidated return)
Employer identification number
Part I
Section 1354 Election or Termination
A The corporation previously made a valid and timely section 1354 election effective for the tax year
, 20
, and ending
, 20
.
beginning
B The corporation is making a section 1354 election for this tax year and all succeeding tax years.
C The corporation is revoking its election under section 1354(d)(1) for its tax year beginning
, 20
, and ending
, 20
.
D The corporation’s election was automatically terminated under section 1354(d)(2) because the corporation ceased to be
, 20
.
a qualifying vessel operator effective
Other Information (see instructions)
Part II
E Is the corporation a member of an electing group? .
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Yes
No
If “No,” skip item F and go to item G.
F If the answer to item E is “Yes”:
(1) How many corporations are in the electing group? .
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(2) Enter the number of vessels included under the election for the electing group .
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(3) Does any member of the electing group have income from qualifying secondary activities or
qualifying incidental activities?
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Yes
No
If “Yes,” attach to Form 8902 a worksheet that provides the information requested in item G for
each such member of the electing group.
G Enter the corporation’s gross income from:
$
(1) Core qualifying activities
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(2) Qualifying secondary activities:
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(a) Amount included in 20% limit
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$
(b) Amount that exceeds the 20% limit
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(3) Qualifying incidental activities:
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(a) Amount included in the 0.1% limit .
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$
(b) Amount that exceeds the 0.1% limit
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H Gross income from qualifying shipping activities excluded from gross income on the corporation’s
income tax return. Add lines G(1), G(2)(a), and G(3)(a) .
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8902
For Paperwork Reduction Act Notice, see separate instructions.
Form
(Rev. 9-2017)
Cat. No. 37711U
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