Federal Election To Use Different Annualization Periods for Corporate Estimated Tax

Election To Use Different Annualization Periods for Corporate Estimated Tax
Form 8842 (Rev. October 2021)
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

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(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.