Federal Credit for Prior Year Minimum Tax - Corporations

Credit for Prior Year Minimum Tax - Corporations
Form 8827 (Rev. December 2024)
8827

Form
(Rev. December 2024)
Department of the Treasury
Internal Revenue Service

Credit for Prior Year Minimum Tax—Corporations
OMB No. 1545-0123

Attach to the corporation’s tax return.
Go to www.irs.gov/Form8827 for the latest information.

Employer identification number

Name

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Alternative minimum tax (AMT) for prior year. Enter the amount from Part II, line 13, of the
corporation’s prior year Form 4626 . . . . . . . . . . . . . . . . . . . . . .

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Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . .
Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Regular income tax for current year. Enter the corporation’s regular tax liability for the current tax
year, as defined in section 26(b) (including any positive section 6226 adjustment from Form 8978) .
Base erosion minimum tax for current year. Enter the corporation’s tax imposed under section 59A for
the current tax year . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Add lines 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter allowable credits for the current tax year. See instructions . . . . . . . . . . . . .
Section 53(c)(1) limitation. Subtract line 7 from line 6
. . . . . . . . . . . . . . . .
Enter the tentative minimum tax from Part II, line 9, of the current year Form 4626 . . . . . . .
Subtract line 9 from line 8. If zero or less, enter -0- . . . . . . . . . . . . . . . . .
Current year minimum tax credit. Enter the smaller of line 10 or line 3 here and on Form 1120,
Schedule J, line 5d (or the applicable line of the corporation’s tax return). Check if the corporation had
a section 382 ownership change or has pre-acquisition excess credits (see instructions):
(a)
Section 383 (b)
Section 384 . . . . . . . . . . . . . . . . . . . . .
Minimum tax credit carryforward. Subtract line 11 from line 3. Keep a record of this amount to carry
forward and use in future years
. . . . . . . . . . . . . . . . . . . . . . .

Instructions
Section references are to the Internal
Revenue Code unless otherwise
noted.

What’s New
Applicable corporations subject to the
new corporate alternative minimum
tax, use Form 8827 to figure any credit
for prior year minimum tax.

Purpose of Form
Corporations use Form 8827 to figure
the minimum tax credit, if any, for AMT
incurred in prior tax years, and to
figure any minimum tax credit
carryforward to future years.

Who Should File
Form 8827 should be filed by
corporations that have an AMT liability
in a prior year.

Line 7
Enter the corporation’s credits allowed
under Chapter 1, Subchapter A, Part
IV, subparts B, D, E, and F of the
Internal Revenue Code. For example, if
filing Form 1120, include all credits on
Schedule J, Part I, lines 5a through 5c.

Line 11
If the corporation had a section 382
ownership change (as defined in
section 382(g)), the amount of
pre-change minimum tax credits that
can be applied against the
corporation’s tax for any tax year
ending after the ownership change
may be limited. See section 383 and
the related regulations. To figure the
amount of the pre-change credit, the
corporation must allocate the credit for
the change year between the prechange period and the post-change
period. The corporation must use the
same method of allocation (ratable
allocation or closing-of-the-books) for
purposes of sections 382 and 383.
See Regulations section 1.382-6 for
details.
Also, pre-acquisition excess credits
of one corporation generally cannot be
used to offset the tax attributable to
recognized built-in gains of another
corporation. See section 384 for
details.
If either limitation applies, check the
applicable box and attach a
computation of the minimum tax credit
allowed.

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 13008K

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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 are not 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
and is included in the estimates shown
in the instructions for their business
income tax return.
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.
Form 8827 (Rev. 12-2024)