8827 Credit for Prior Year Minimum Tax - Corporations

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8827

Form
(Rev. December 2024)
Department of the Treasury
Internal Revenue Service

Credit for Prior Year Minimum Tax—Corporations
OMB No. 1545-0123

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

Employer identification number

Name

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Alternative minimum tax (AMT) for prior year. Enter the amount from Part II, line 13, of the
corporation’s prior year Form 4626 . . . . . . . . . . . . . . . . . . . . . .

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Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . .
Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Regular income tax for current year. Enter the corporation’s regular tax liability for the current tax
year, as defined in section 26(b) (including any positive section 6226 adjustment from Form 8978) .
Base erosion minimum tax for current year. Enter the corporation’s tax imposed under section 59A for
the current tax year . . . . . . . . . . . . . . . . . . . . . . . . . . .

TREASURY/IRS
AND OMB USE
ONLY DRAFT
September 16, 2024
DO NOT FILE
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Add lines 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter allowable credits for the current tax year. See instructions . . . . . . . . . . . . .
Section 53(c)(1) limitation. Subtract line 7 from line 6
. . . . . . . . . . . . . . . .
Enter the tentative minimum tax from Part II, line 9, of the current year Form 4626 . . . . . . .
Subtract line 9 from line 8. If zero or less, enter -0- . . . . . . . . . . . . . . . . .
Current year minimum tax credit. Enter the smaller of line 10 or line 3 here and on Form 1120,
Schedule J, line 5d (or the applicable line of the corporation’s tax return). Check if the corporation had
a section 382 ownership change or has pre-acquisition excess credits (see instructions):
(a)
Section 383 (b)
Section 384 . . . . . . . . . . . . . . . . . . . . .
Minimum tax credit carryforward. Subtract line 11 from line 3. Keep a record of this amount to carry
forward and use in future years
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Instructions

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

What’s New

Applicable corporations subject to the
new corporate alternative minimum
tax, use Form 8827 to figure any credit
for prior year minimum tax.

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

Who Should File
Form 8827 should be filed by
corporations that have an AMT liability
in a prior year.

Line 7
Enter the corporation’s 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, include all credits on
Schedule J, Part I, lines 5a through 5c.

Line 11

If the corporation had a section 382
ownership change (as defined in
section 382(g)), 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
may be limited. 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 prechange 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, pre-acquisition excess credits
of one corporation generally cannot be
used to offset the tax attributable to
recognized built-in gains of another
corporation. See section 384 for
details.
If either limitation applies, check the
applicable box and attach a
computation of the minimum tax credit
allowed.

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 13008K

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Paperwork Reduction Act Notice.
We ask for the information on this form
to carry out the Internal Revenue laws
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taxpayers filing this form is approved
under OMB control number 1545-0123
and is included in the estimates shown
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income tax return.
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tax return with which this form is filed.

Form 8827 (Rev. 12-2024)