8827 Credit for Prior Year Minimum Tax - Corporations

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Form

8827

Credit for Prior Year Minimum Tax—Corporations

Department of the Treasury
Internal Revenue Service

▶

2018

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

Employer identification number

Name

1
2
3
4
5

OMB No. 1545-0123

Alternative minimum tax (AMT) for 2017. Enter the amount from line 14 of the 2017 Form 4626
Minimum tax credit carryforward from 2017. Enter the amount from line 9 of the 2017 Form 8827
Enter any 2017 unallowed qualified electric vehicle credit (see instructions) . . . . . . .
Add lines 1, 2, and 3 . . . . . . . . . . . . . . . . . . . . . . . . .
Enter the corporation’s 2018 regular income tax liability minus allowable tax credits (see
instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
Enter the refundable minimum tax credit (see instructions) . . . . . . . . . . . . .
7
Add lines 5 and 6 . . . . . . . . . . . . . . . . . . . . . . . . . .
8a Enter the smaller of line 4 or line 7. If the corporation had a post-1986 ownership change or has
pre-acquisition excess credits, see instructions . . . . . . . . . . . . . . . .
b Current year minimum tax credit. Enter the smaller of line 4 or line 5 here and on Form 1120,
Schedule J, Part I, line 5d (or the applicable line of your return). If the corporation had a
post-1986 ownership change or has pre-acquisition excess credits, see instructions. If you
made an entry on line 6, go to line 8c. Otherwise, skip line 8c . . . . . . . . . . . .
c Subtract line 8b from line 8a. This is the current year refundable minimum tax credit. Include this
amount on Form 1120, Schedule J, Part III, line 20c (or the applicable line of your return)
. .
9
Minimum tax credit carryforward to 2019. Subtract line 8a from line 4. Keep a record of this
amount to carry forward and use in future years . . . . . . . . . . . . . . . .

1
2
3
4

DRAFT AS OF
August 27, 2018
DO NOT FILE
5
6
7

8a

8b
8c
9

Instructions

Who Should File

Line 6

Section references are to the Internal
Revenue Code unless otherwise noted.

Form 8827 should be filed by corporations
that had:
• An AMT liability in 2017,
• A minimum tax credit carryforward from
2017 to 2018, or
• A qualified electric vehicle credit not
allowed for 2017 (see the instructions for
line 3).

Beginning in 2018, the minimum tax credit
limitation is increased by the AMT
refundable credit amount. The portion of
the credit treated as refundable is 50% of
the excess of minimum tax credits
available over the 2018 regular tax liability.
Complete the Worksheet for Calculating the
Refundable Minimum Tax Credit Amount,
later in the instructions. Enter the amount
from line 6 of the worksheet on Form 8827,
line 6.

What’s New
Refundable minimum tax credit. For tax
years beginning in 2018, the minimum tax
credit limitation is increased by the AMT
refundable credit amount. See the
instructions for line 6.

Purpose of Form
Corporations use Form 8827 to figure the
minimum tax credit, if any, for AMT
incurred in prior tax years, the refundable
AMT credit amount, and to figure any
minimum tax credit carryforward.

Line 3
Enter any qualified electric vehicle credit
not allowed for 2017 solely because of
tentative minimum tax limitations.

Line 5
Enter the corporation’s 2018 regular
income tax liability, as defined in section
26(b) (S corporations also see section
1374(b)(3)(B), 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).

For Paperwork Reduction Act Notice, see instructions.

Note: A corporation with a short tax year
(less than 12 months) must prorate the
refundable credit based on the number of
days in their tax year.

Cat. No. 13008K

Form 8827 (2018)

Page 2

Form 8827 (2018)

Worksheet for Calculating the Refundable Minimum Tax Credit Amount. See instructions. Keep for your records.
1
1
Alternative minimum tax for 2017. Enter the amount from line 14 of the 2017 Form 4626 . . . . . .
2
Minimum tax credit carryforward from 2017. Enter the amount from line 9 of the 2017 Form 8827 . . .
2
3
Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4
Enter the corporation’s 2018 regular tax minus allowable credits (see instructions for Form 8827, line 5)
4
5
Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6
Refundable minimum tax credit. Multiply line 5 by 50% (0.50). Enter this amount on Form 8827, line 6
6
Line 8

DRAFT AS OF
August 27, 2018
DO NOT FILE

If the corporation had a post-1986
ownership change (as defined in section
382(g)), there may be a limit on the amount
of pre-change minimum tax credits that
can be applied against the corporation’s
tax for any tax year ending after the
ownership change. See section 383 and
the related regulations. To figure the
amount of the pre-change credit, the
corporation must allocate the credit for the
change year between the pre-change
period and the post-change period. The
corporation must use the same method of
allocation (ratable allocation or
closing-of-the-books) for purposes of
sections 382 and 383. See Regulations
section 1.382-6 for details.
Also, there may be a limit on the use of
pre-acquisition excess credits of one
corporation to offset the tax attributable to
recognized built-in gains of another
corporation. See section 384 for details.

If either limit applies, attach a
computation of the allowable minimum tax
credit, enter the amount on lines 8a and
8b, and write “Sec. 383” or “Sec. 384” on
the dotted line to the left of the line 8a and
8b entry spaces.

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.
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retained as long as their contents may
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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.