2350(SP) Application For Extension of Time to File U.S. Income Ta

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FORM 8844, PAGE 1 of 4
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8844

Department of the Treasury
Internal Revenue Service

Name(s) shown on return

Part I

Current Year Credit

Action

Date

O.K. to print
Revised proofs
requested

Empowerment Zone and Renewal
Community Employment Credit

OMB No. 1545-1444

2006

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Attachment
Sequence No.

Attach to your tax return.

Enter the total qualified wages paid or incurred during calendar year 2006 only (see instructions)
Qualified empowerment zone wages
$
X 20% (.20)
Qualified renewal community wages
$
X 15% (.15)
Add lines 1a and 1b. You must subtract this amount from your deduction for salaries and wages

1a
1b

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Employment zone and renewable community employment credit from parterships, S corporations,
cooperatives, estates, and trusts

3

Add lines 2 and 3. Coopratives, estates, and trusts, go to line 11; partnerships and S corporations,
report this amount on Schedule K; all others, continue with line 5

4

Empowerment zone and renewal community employment credit included on line 4 from passive
activities (see instructions)
Subtract line 5 from line 4
Passive activity credit allowed for 2006 (see instructions)
Carryforward of empowerment zone and renewal community employment credit to 2006
Carryback of empowerment zone and renewal community employment credit from 2007 (see instructions)

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5
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12

Add lines 6 through 9. Cooperatives, estates, and trusts, continue on to line 11. All others, use this
amount to complete Part II
Amount allocated to the patrons of the cooperative or the beneficiaries of the estate or trust (see
instructions)
Cooperatives, estates, and trusts. Subtract line 11 from line 10. Use this amount to complete Part II

Part II
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%
%

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Alternative minimum tax:
● Individuals. Enter the amount from Form 6251, line 35
● Corporations. Enter the amount from Form 4626, line 14
● Estates and trusts. Enter the amount from Form 1041, Schedule I, line 56
15 Add lines 13 and 14
16a
16a Foreign tax credit
16b
b Credits from Form 1040, lines 48 through 54 (or Form 1040NR, lines 45 through 49)
16c
c Qualified electric vehicle credit (Form 8834, line 20)
16d
d Alternative motor vehicle credit (Form 8910, line 18)
16e
e Alternative fuel vehicle refueling property credit (Form 8911, line 19)
f Add lines 16a through 16e
17 Net income tax. Subtract line 16f from line 15. If zero, skip lines 18 through 24 and enter -0- on line 25
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18 Net regular tax. Subtract line 16f from line 13. If zero or less, enter -019
19 Tentative minimum tax (see instructions)

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Allowable Credit

Regular tax before credits:
● Individuals. Enter the amount from Form 1040, line 44; Form 1040NR, line 41
● Corporations. Enter the amount from Form 1120, Schedule J, line 2; Form 1120-A,
Part I, line 1; or the applicable line of your return
● Estates and trusts. Enter the sum of the amounts from Form 1041, Schedule G, lines 1a and
1b, or the amount from the applicable line of your return

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99

Identifying number

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a
b
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Signature

Enter 25% (.25) of the excess, if any, of line 18 over $25,000 (see
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instructions)
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Multiply line 19 by 75% (.75)
Enter the greater of line 20 or line 21
Subtract line 22 from line 17. If zero or less, enter -0General business credit (see instructions)
Subtract line 24 from line 23
Credit allowed for the current year. Cooperatives, estates, and trusts. Enter the smaller of line 12 or
line 25. Report this amount on Form 1041, Schedule G, line 2c; or Form 1120-C, Schedule J, line 5c. If
line 25 is smaller than line 12, see instructions. All others. Enter the smaller of line 10 or line 25. Report
this amount on Form 1040, line 55; Form 1040NR, line 50; Form 1120, Schedule J, line 5c; Form 1120-A,
Part I, line 2; or the applicable line of your return. If line 25 is smaller than line 12, see instructions

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 16145S

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Form 8844 (2006)