Major Changes Document

2007 Form 6478 Major Changes
On the Form
1] On line 6, the text "column (c)" is removed because it is unnecessary. The text
“continue on” is changed to “go” (on line 11, also).
2] The year is updated on lines 9 and 10, and in the usual places (in the
Instructions, too).
3] Two changes regarding lines 17a and 17b:
• Lines 17a and 17b (representing the foreign tax credit and the personal
tax credits from Forms 1040 (or 1040NR)) are switched in place (reordered) because IRC 26(a)(2) does not (yet) provide for the old ordering
of the credits/lines.
• On Line 17a (old line 17b), the Form 1040 and 1040NR line references
are changed to conform to changes on the 2007 forms.
4] On line 17c the text is changed to: Credits from Forms 5735 and 8834. This
is to allow for the American Samoa economic development credit (PL 109-432,
sec. 119(a)).
5] On lines 17d and 17e, the text “Non-business” is added to the names of the
credits for clarity.
6] Line 22 is expanded to allow for the credits which do not flow through the Form
3800, conforming to other forms which have been similarly expanded. This
expansion is due to:
• P.L. 110-28, sec. 8214, which waived the AMT for the IRC 51 and 48B
credits. Such credits can thereby no longer be figured with Form 3800,
Part II, because it figures an AMT limit.
•

There are now so many general business credits not flowing through the
Form 3800 that a listing of such credits on affected forms is warranted.

Also for this reason, the Caution in the Part II heading is removed.
7] On line 24, the reference to Form 1120-A is removed because the form is
obsolete for 2007.
In the Instructions
1] Information re Form 8835 (pg. 4, 1st col.) is removed (see #6 above).
2] In the line 14 instructions, the reference to Form 1120-A is removed because
the form is obsolete for 2007.
3] The line 22 instructions are removed (see #6 above).