Federal Credit for Prior Year Minimum Tax - Corporations

Credit for Prior Year Minimum Tax - Corporations
Form 8827 (Rev. December 2022)
8827

Form
(Rev. December 2022)
Department of the Treasury
Internal Revenue Service

Credit for Prior Year Minimum Tax—Corporations

Employer identification number

Name

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2
3
4

OMB No. 1545-0123

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

Minimum tax credit carryforward from the prior tax year. Enter the amount from line 4 of the prior tax
year Form 8827 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter the corporation’s current year regular income tax liability minus allowable tax credits (see
instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Current year minimum tax credit. Enter the smaller of line 1 or line 2 here and on Form 1120,
Schedule J, Part I, line 5d (or the applicable line of your return) . . . . . . . . . . . . .
Minimum tax credit carryforward. Subtract line 3 from line 1. 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.

Reminder
Current year minimum tax credit.
The refundable portion of the minimum
tax credit does not apply for tax years
beginning after 2019. See section
53(e). However, a corporation can
have an unused portion of the regular
minimum tax credit (because of
limitations) that can be carried forward
and allowable in later years.

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.

Who Should File
Form 8827 should be filed by
applicable corporations that have a
minimum tax credit carryover from the
prior tax year to the current tax year.

Line 2
Enter the corporation’s current tax
year regular income tax liability, as
defined in section 26(b) (including any
positive section 6226 adjustment from
Form 8978), minus any 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, subtract any credits
on Schedule J, Part I, lines 5a through
5c, from the amount on Schedule J,
Part I, line 2).
Paperwork Reduction Act Notice.
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and collect the right amount of tax.
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Cat. No. 13008K

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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. 12-2022)