Form 8842 - Election To Use Different Annualization Periods For Corporate Estimated Tax

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8842
Election To Use Different Annualization Periods for
Form
Corporate Estimated Tax
(Rev. December 2008)
OMB No. 1545-1409
(Under section 6655(e)(2)(C) of the Internal Revenue Code)
Department of the Treasury
Do not file with the corporation’s income tax return—file separately.
Internal Revenue Service
Name
Employer identification number
Number, street, and room or suite no. (If a P.O. box, see instructions.)
City or town, state, and ZIP code, or country
Tax year ends (month and year)
Type of return to be filed (check one)
Form 1120
Form 1120-L
Form 1120-RIC
Form 1120-C
Form 1120-ND
Form 1120S
Form 1120-F
Form 1120-PC
Form 1120-SF
Form 1120-REIT
Form 8804
Form 1120-FSC
Election to use an annualization option under the annualized income installment method (Check one of the
following boxes.)
1st
2nd
3rd
4th
Installment
Installment
Installment
Installment
Option 1
First 2 months
First 4 months
First 7 months
First 10 months
Option 2
First 3 months
First 5 months
First 8 months
First 11 months
Signature. Under penalties of perjury, I declare that I have been authorized by the above-named corporation or organization to make this election, and to the best of
my knowledge and belief, the information provided is true, correct, and complete.
Signature of officer or agent
Title
Date
General Instructions
If an organization wants to use the
When To File
annualized income installment
File Form 8842 annually to elect
Section references are to the
method but does not elect Option 1
Option 1 or 2 even if the same
Internal Revenue Code unless
or 2, it can annualize income using
option is elected each year.
otherwise noted.
the Standard Option. The Standard
File Form 8842 by the 15th day of
Option can be used without filing
Purpose of Form
the 4th month of the tax year for
Form 8842. Corporations, see
Corporations use Form 8842 to elect
which the election is to apply.
Form 1120-W, Estimated Tax for
one of the two annualization options
Corporations, for information on the
Note. The election applies only to
that can be elected under section
Standard Option. Partnerships, see
the tax year for which it is made.
6655(e)(2)(C) to figure the
the instructions for Form 8804,
Once the election is made, it cannot
corporation’s estimated tax
Annual Return for Partnership
be revoked for that tax year.
payments under the annualized
Withholding Tax (Section 1446).
income installment method.
Where To File
Tax-exempt organizations subject
to the unrelated business income tax
Who Can Elect
File Form 8842 with the Department
and private foundations should not
of the Treasury, Internal Revenue
Corporations (including
file Form 8842. For information
Service Center, Cincinnati, OH
S corporations) and partnerships
concerning the annualization periods
45999.
required to pay the withholding tax
applicable to tax-exempt
under section 1446 use this form to
Do not file Form 8842 with
organizations and private
elect either Option 1 or Option 2
the corporation’s income
foundations, see Form 990-W,
under the annualized income
tax return.
Estimated Tax on Unrelated
CAUTION
installment method.
Business Taxable Income for
Tax-Exempt Organizations.
(Continued on back of form)
8842
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 15990T
Form
(Rev. 12-2008)

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