Fillable Form 8932 - Credit For Employer Differential Wage Payments printable pdf download

8932

OMB No. 1545-2126

Credit for Employer Differential Wage Payments

Form

(Rev. January 2016)

Attach to your tax return.

▶

Department of the Treasury

Attachment

161

Information about Form 8932 and its instructions is at

▶

Sequence No.

Internal Revenue Service

Name(s) shown on return

Identifying number

Eligible differential wage payments paid during the tax year (see instructions)

Multiply line 1 by 20% (.20) (see instructions for the adjustment you must make)

Credit for employer differential wage payments from partnerships, S corporations, cooperatives,

estates, and trusts (see instructions) .

Add lines 2 and 3. Cooperatives, estates, and trusts, go to line 5. Partnerships and S corporations, stop here and

report this amount on Schedule K. All others, stop here and report this amount on Form 3800, Part III, line 1w

Amount allocated to patrons of the cooperative or beneficiaries of the estate or trust

(see

instructions) .

Cooperatives, estates, and trusts, subtract line 5 from line 4. Report this amount on Form 3800,

Part III, line 1w .

General Instructions

Qualified Employee

A qualified employee is an employee of an eligible small

Section references are to the Internal Revenue Code

business employer for the 91-day period immediately

unless otherwise noted.

preceding the period for which any differential wage

Future Developments

payment is made.

Differential Wage Payment

For the latest information about developments related to

Form 8932 and its instructions, such as legislation

To be considered a differential wage payment, the

enacted after they were published, go to

payment must be paid after 2008 and meet both of the

following requirements.

What's New

• The payment is made by an eligible small business

employer to a qualified employee for any period during

• The credit has been extended to cover eligible

which the employee is performing service in the

differential wage payments made after 2014.

uniformed services of the United States while on active

• For tax years beginning after 2015, employers who are

duty for a period of more than 30 days.

not eligible small business employers can claim this

• The payment represents all or a portion of the wages

credit.

the employee would have received from the employer if

Purpose of Form

the employee were performing services for the employer.

Eligible Small Business Employer

Use Form 8932 to claim the credit for eligible differential

wage payments made to qualified employees after 2008.

An eligible small business employer means any taxpayer

For tax years beginning before 2016, you must be an

that:

eligible small business employer (defined later) to claim

• Employed on average fewer than 50 employees on

the credit. The credit is 20% of up to $20,000 of

business days during the tax year, and

differential wage payments paid to each qualified

• Under a written plan of the employer, provides eligible

employee during the tax year.

differential wage payments to every qualified employee of

The credit for employer differential wage payments is

the employer.

part of the general business credit.

Controlled Groups

Partnerships, S corporations, cooperatives, estates,

All persons treated as a single employer under

and trusts must file this form to claim the credit. All other

taxpayers are not required to complete or file this form if

subsection (b), (c), (m), or (o) of section 414 are treated as

their only source for this credit is a partnership,

a single employer.

S corporation, cooperative, estate, or trust. Instead, they

Uniformed Services

can report this credit directly on Form 3800, General

Uniformed services means the Armed Forces; the Army

Business Credit.

National Guard and the Air National Guard when engaged

For details, see section 45P and Notice 2010-15,

in active duty for training, inactive duty training, or full-

2010-6 I.R.B. 390, available at

time National Guard duty; the commissioned corps of the

Public Health Service; and any other category of persons

Definitions

designated by the President in time of war or national

emergency.

Eligible Differential Wage Payments

Coordination With Other Credits

Eligible differential wage payments are the total

differential wage payments paid to the employee for the

The amount of any research credit or orphan drug credit

tax year, up to $20,000.

otherwise allowable for compensation paid to any

employee is reduced by the credit for differential wage

payments figured for that employee.

8932

For Paperwork Reduction Act Notice, see instructions.

Form

(Rev. 1-2016)

Cat. No. 37747W

Form 8932 - Credit For Employer Differential Wage Payments

Related Articles

Related forms

Related Categories