Form Ia 8801 - Credit For Prior-Year Minimum Tax For Individuals, Estates, And Trusts - 2012
Download a blank fillable Form Ia 8801 - Credit For Prior-Year Minimum Tax For Individuals, Estates, And Trusts - 2012 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Ia 8801 - Credit For Prior-Year Minimum Tax For Individuals, Estates, And Trusts - 2012 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1Reset Form
Print Form
Iowa Department of Revenue
2012 IA 8801
Credit for Prior-Year Minimum Tax
Enclose this form with your IA 1040.
for Individuals, Estates, and Trusts
Name(s)
SSN
PART I. Computation of Allowable Credit
1. Enter amount from line 28 of your 2011 IA 6251. Nonresidents and part-year
residents, enter the amount from line 32 of the 2011 IA 6251. ................................. 1. _________________
2. Enter carryforward credit from line 10 of your 2011 IA 8801. .................................... 2. _________________
3. Total. Add lines 1 and 2. ................................................................................................. 3. _________________
4. Enter your 2012 regular tax liability minus allowable credits from IA 1040, line 43,
minus lines 49, 51, and other nonrefundable credits on line 53, or from IA 1041,
line 23 minus lines 27 and 30 (if nonresident 1041 see instructions). ..................... 4. _________________
5. Enter your 2012 tentative minimum tax from line 26 of your 2012 IA 6251.
Nonresidents and part-year residents, multiply your 2012 tentative minimum tax
from line 26 of your 2012 IA 6251 by line 31 of your 2012 IA 6251 (IA 6251,
line 26 x line 31), and enter the result on this line. ..................................................... 5. _________________
6. Subtract line 5 from line 4. If zero or less, enter zero. ............................................... 6. _________________
7. Allowable minimum tax credit. Enter the smaller of line 3 or line 6 here and
on the IA 148 Tax Credits Schedule. ............................................................................ 7. _________________
PART II. Computation of Minimum Tax Credit Carryforward to 2013
8. Enter amount from line 3, Part I. .................................................................................... 8. _________________
9. Enter amount from line 7, Part I. .................................................................................... 9. _________________
10. Carry forward of minimum tax credit to 2013. Subtract line 9 from line 8. .............. 10. _________________
SPECIFIC INSTRUCTIONS:
PURPOSE OF THIS FORM
To complete this form you will need form IA 6251 for
Form IA 8801 is used to compute the minimum tax
2011, form IA 6251 for 2012, and the IA 1040 for 2012.
credit, if any, for minimum tax that was paid in 2011
that may be claimed against your regular income tax on
Line 2: This is your alternative minimum tax carry-
line 43 of the IA 1040 for 2012. The form is also used
forward credit from line 10, form IA 8801, for 2011.
to compute the minimum tax carryforward credit that
Line 4: Enter your regular tax liability minus allowable
may be used in 2013 or in future years.
nonrefundable credits. This is computed as follows:
WHO MUST FILE
IA 1040 line 43 less lines 49, 51, and other
nonrefundable credits on line 53 (except the credit
Form IA 8801 should be completed by individuals,
for prior-year minimum tax).
trusts, and estates that:
If nonresident 1041, enter the amount from your line
•
had an alternative minimum tax liability in 2012 or
23 minus line 27, nonresident credit from line 28, and
had a minimum tax credit carryover from 2011
other nonrefundable credits on line 30 (except the
•
had adjustments and tax preferences on form IA
credit for prior-year minimum tax).
6251.
Line 7: This is a nonrefundable credit taken on line 53
of the IA 1040 (line 30, IA 1041). The IA 148 Tax
Credits Schedule must be completed and attached to the
IA 1040 (IA 1041).
*1241009019999*
41-009 (09/20/12)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form Ia 8801 - Iowa Alternative Minimum Tax Credit For Individuals, Estates, And Trusts - 2015
Financial
Form Ia 8801 - Iowa Alternative Minimum Tax Credit For Individuals, Estates, And Trusts - 2015
Financial
Form Nyc-202 - Unincorporated Business Tax Return For Individuals, Estates And Trusts - 2012
Financial
Form Ri-2210 Draft - Underpayment Of Estimated Tax By Individuals, Estates And Trusts - 2012
Financial
Related Categories
Parent category: Financial