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paragraph, write “EI” and the dollar

39 through 43 in each of the preceding

outside the United States and Puerto

amount of the item next to the affected

columns. For example, complete lines

Rico). For information on obtaining the

line. Attach a statement which shows

39 through 43 in column (a) before

interest rate on underpayments denoted

the income for that line before the

completing line 38 in column (b).

by an asterisk, see the footnote on

extraordinary item, the amount of the

page 5 of the schedule.

Line 40. Large partnerships with assets

extraordinary item, and the net amount.

of $1 billion or more (determined as of

If the partnership has made more

Also include an explanation of the item,

the end of the preceding tax year) must

than one payment for a required

including the authority under which it is

increase the required installment of

installment, attach a separate

being claimed.

estimated tax otherwise due in July,

computation for each payment.

Lines 33b, 33f, 33j, 33n, and 33r.

August, or September of 2017 by 0.25%

Example. A partnership underpaid

Enter the reduction amounts for state

of the amount that otherwise would

the April 15 installment by $1,000. The

and local taxes under Regulations

have been due for that installment. The

June 15 installment requires a payment

section 1.1446-6(c)(1)(iii). The netting

amount of the next required installment

of $2,500. On June 11, the partnership

rules under section 1(h) and Notice

would be decreased by an equal

deposits $2,500 to cover the June 15

97-59 must be considered in

amount to reflect the increase in the

installment. However, $1,000 of this

determining the category of income the

previous installment.

payment is applied against the April 15

reduction amounts offset.

Line 43. For each installment, enter the

installment. The penalty for the April 15

Lines 33c, 33g, 33k, 33o, and 33s.

smaller of line 39 or line 42 on line 43.

installment is figured to June 11 (57

Enter the reduction amounts resulting

Also enter the result on line 5.

days). The remaining $1,500 is applied

from certified partner-level items

to the June 15 installment as if it were

Part VII. Figuring the

received from foreign partners using

made on June 15.

Form 8804-C. See Certification of

Penalty

Deductions and Losses in the

Complete Part VII to determine the

Instructions for Forms 8804, 8805, and

amount of the penalty. The penalty is

8813, for additional information. The

figured for the period of underpayment

netting rules of section 1(h) and Notice

using the underpayment rate

97-59 must be considered in

determined under section 6621(a)(2).

determining the category of income the

The period of underpayment runs from

reduction amounts offset.

the installment due date to the earlier of

the date the underpayment is actually

Part VI. Required

paid or the 15th day of the 3rd month

Installments

after the close of the 2016 tax year (the

15th day of the 6th month if the

Line 38. Before completing line 38 in

partnership keeps its books and records

columns (b) through (d), complete lines

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 aren’t 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

business taxpayers filing this form is approved under OMB control number 1545-0123.

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.

Instructions for Schedule A (Form 8804) (2016)

Instructions For Schedule A (Form 8804) - Penalty For Underpayment Of Estimated Section 1446 Tax For Partnerships - 2016 Page 4

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