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Federal Election To Use Different Annualization Periods for Corporate Estimated Tax
Extracted from PDF file 2023-federal-form-8842.pdf, last modified November 2021Election To Use Different Annualization Periods for Corporate Estimated Tax
8842 Form (Rev. October 2021) Department of the Treasury Internal Revenue Service Name Election To Use Different Annualization Periods for Corporate Estimated Tax (Under section 6655(e)(2)(C) of the Internal Revenue Code) ▶ Do ▶ OMB No. 1545-0123 not file with the organization’s income tax return—file separately. Information about Form 8842 and its instructions is available at www.irs.gov/Form8842. Employer identification number Number, street, and room or suite no. (If a P.O. box, see instructions.) City or town, state, and ZIP code, or country Tax year ends (month and year) Type of return to be filed (check one): Form 1120 Form 1120-C Form 1120-F Form 1120-FSC Form 1120-L Form 1120-ND Form 1120-PC Form 1120-REIT Form 1120-RIC Form 1120-S Form 1120-SF Form 8804 Election to use an annualization option under the annualized income installment method Check one of the following boxes. 1st Installment 2nd Installment 3rd Installment 4th Installment Option 1 . . . . . First 2 months First 4 months First 7 months First 10 months Option 2 . . . . . First 3 months First 5 months First 8 months First 11 months Signature. Under penalties of perjury, I declare that I have been authorized by the above-named corporation or organization to make this election, and to the best of my knowledge and belief, the information provided is true, correct, and complete. Signature of officer, partner, or limited liability company (LLC) member General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Purpose of Form Corporations and certain partnerships use Form 8842 to elect one of the two annualization options that can be elected under section 6655(e)(2)(C) to figure the organization’s estimated tax payments under the annualized income installment method. Who Can Elect Corporations (including S corporations) and partnerships required to pay the withholding tax under section 1446 use this form to elect either Option 1 or Option 2 under the annualized income installment method. Date Title If an organization wants to use the annualized income installment method but does not elect Option 1 or 2, it can annualize income using the Standard Option. The Standard Option can be used without filing Form 8842. Corporations, see Form 1120-W, Estimated Tax for Corporations, for information on the Standard Option. Partnerships, see the instructions for Form 8804, Annual Return for Partnership Withholding Tax (Section 1446). Tax-exempt organizations subject to the unrelated business income tax and private foundations should not file Form 8842. For information concerning the annualization periods applicable to tax-exempt organizations and private foundations, see Form 990-W, Estimated Tax on Unrelated Business Taxable Income for TaxExempt Organizations. When To File • File Form 8842 annually to elect Option 1 or 2 even if the same option is elected each year. • File Form 8842 by the 15th day of the 4th month of the tax year for which the election is to apply. Note: The election applies only to the tax year for which it is made. Once the election is made, it cannot be revoked for that tax year. Where To File File Form 8842 with the Department of the Treasury, Internal Revenue Service Center, Kansas City, MO 64999. Do not file Form 8842 with the organization’s income tax return. CAUTION ! ▲ (Continued on back of form) For Paperwork Reduction Act Notice, see instructions. Cat. No. 15990T Form 8842 (Rev. 10-2021) Form 8842 (Rev. 10-2021) Address Include the suite, room, or other unit number after the street address. If the post office does not deliver mail to the street address and the organization has a P.O. box, show the box number instead. If the organization receives its mail in care of a third party (such as an accountant or an attorney), enter on the street address line “C/O” followed by the third party’s name and street address or P.O. box. Who Must Sign In the case of a corporation, the election must be signed and dated by: • The president, vice president, treasurer, assistant treasurer, chief accounting officer; or • Any other corporate officer (such as tax officer) authorized to sign. In the case of a partnership, the election must be signed and dated by a partner or an LLC member. If the election is filed on behalf of a corporation or partnership by a receiver, a trustee, or an assignee, Page the fiduciary must sign the election instead of the corporate officer or LLC member. An election signed by a receiver or trustee in bankruptcy on behalf of a corporation or partnership must be accompanied by a copy of the order or instructions of the court authorizing signing of the election. 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 2 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. You can send your comments through www.irs.gov/ forms-pubs/comment-on-tax-formsand-publications. Or you can write to the Internal Revenue Service, Tax Forms and Publications Division, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Do not send the form to this address. Instead, see Where To File, earlier.
Form 8842 (Rev. October 2021)
More about the Federal Form 8842 Corporate Income Tax TY 2023
We last updated the Election To Use Different Annualization Periods for Corporate Estimated Tax in February 2023, so this is the latest version of Form 8842, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 8842 directly from TaxFormFinder. You can print other Federal tax forms here.
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Form Sources:
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8842 from the Internal Revenue Service in February 2023.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Federal Form 8842
We have a total of eleven past-year versions of Form 8842 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 8842
Form 8842 (Rev. October 2021)
2022 Form 8842
Form 8842 (Rev. October 2021)
2021 Form 8842
Form 8842 (Rev. October 2021)
2020 Form 8842
Form 8842 (Rev. October 2016)
2019 Form 8842
Form 8842 (Rev. October 2016)
2018 Form 8842
Form 8842 (Rev. October 2016)
2017 Form 8842
Form 8842 (Rev. October 2016)
2016 Form 8842
Form 8842 (Rev. October 2016)
2015 Form 8842
Form 8842 (Rev. December 2008)
2012 Form 8842
Form 8842 (Rev. December 2008)
2011 Form 8842
Form 8842 (Rev. December 2008)
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