Fillable Form 8827 - Credit For Prior Year Minimum Tax-Corporations

Form 8827 (2017)

Page

Worksheet for Calculating the Refundable Minimum Tax Credit Amount. See instructions. Keep for your records.

Enter depreciation (including the special depreciation allowance) that would have been allowed for any

qualified property placed in service during the tax year, if sections 168(k)(1) and 168(k)(2)(F) had applied

to such property

Enter depreciation for any qualified property placed in service during the tax year, figured without regard

to sections 168(k)(1) and 168(k)(2)(F) .

Subtract line 2 from line 1

Multiply line 3 by 20% (0.20)

Enter the minimum tax credit for the corporation's first tax year ending after 2015

Multiply line 5 by 50% (0.50)

Enter any unused minimum tax credit carryforward from tax years beginning before 2016

Enter the smaller of line 6 or line 7 .

Refundable minimum tax credit. Enter the smaller of line 4 or line 8. Enter the amount from line 9 on

Form 8827, line 7b

Line 8

If either limit applies, attach a

The time needed to complete and file

computation of the allowable minimum tax

this form will vary depending on individual

If the corporation had a post-1986

credit, enter the amount on lines 8a and

circumstances. The estimated burden for

ownership change (as defined in section

8b, and write “Sec. 383” or “Sec. 384” on

business taxpayers filing this form is

382(g)), there may be a limit on the amount

the dotted line to the left of the line 8a and

approved under OMB control number

of pre-change minimum tax credits that

1545-0123 and is included in the estimates

8b entry spaces.

can be applied against the corporation’s

shown in the instructions for their business

tax for any tax year ending after the

Paperwork Reduction Act Notice. We

income tax return.

ownership change. See section 383 and

ask for the information on this form to carry

the related regulations. To figure the

If you have comments concerning the

out the Internal Revenue laws of the United

accuracy of these time estimates, or

amount of the pre-change credit, the

States. You are required to give us the

suggestions for making this form simpler,

corporation must allocate the credit for the

information. We need it to ensure that you

we would be happy to hear from you. See

change year between the pre-change

are complying with these laws and to allow

the instructions for the tax return with

period and the post-change period. The

us to figure and collect the right amount of

which this form is filed.

corporation must use the same method of

tax.

allocation (ratable allocation or

You are not required to provide the

closing-of-the-books) for purposes of

information requested on a form that is

sections 382 and 383. See Regulations

subject to the Paperwork Reduction Act

section 1.382-6 for details.

unless the form displays a valid OMB

Also, there may be a limit on the use of

control number. Books or records relating

pre-acquisition excess credits of one

to a form or its instructions must be

corporation to offset the tax attributable to

retained as long as their contents may

recognized built-in gains of another

become material in the administration of

corporation. See section 384 for details.

any Internal Revenue law. Generally, tax

returns and return information are

confidential, as required by section 6103.

Form 8827 - Credit For Prior Year Minimum Tax-Corporations - 2017 Page 2

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