OMB No. 1545-1257

Form 8827 Credit For Prior Year Minimum Tax—Corporations

Department of the Treasury

Internal Revenue Service

 Attach to the corporation’s tax return.

Name Employer identification number

1 Alternative minimum tax (AMT) for 1999. Enter the amount from line 15 of the 1999 Form 4626 1

2 Minimum tax credit carryforward from 1999. Enter the amount from line 9 of the 1999 Form 8827 2

3 Enter the total of any 1999 unallowed nonconventional source fuel credit and 1999 unallowed

qualified electric vehicle credit. See instructions 3

4 Add lines 1, 2, and 3 4

5

5 Enter the corporation’s 2000 regular income tax liability minus allowable tax credits. See

instructions

6

6 If the corporation is:

7 Subtract line 6 from line 5. If zero or less, enter -0- 7

8 Minimum tax credit. Enter the smaller of line 4 or line 7. Also enter this amount on the

appropriate line of the corporation’s income tax return (e.g., Form 1120, Schedule J, line 6e). If

the corporation had a post-1986 ownership change or has pre-acquisition excess credits, see

instructions 8

9 Minimum tax credit carryforward to 2001. Subtract line 8 from line 4. See instructions 9

General Instructions

Section references are to the Internal

Revenue Code.

Line 5

Who Should File

Form 8827 should be filed by

corporations that had:

● An AMT liability in 1999,

● A minimum tax credit carryforward

from 1999 to 2000, or

● A nonconventional source fuel credit

or qualified electric vehicle credit not

allowed for 1999 (see the instructions for

line 3).

Specific Instructions

Line 3

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.

Cat. No. 13008K Form 8827 (2000)

Enter the corporation’s 2000 regular

income tax liability (as defined in section

26(b)) minus any credits allowed under

Subchapter A, Part IV, subparts B, D, E,

and F of the Internal Revenue Code

(e.g., if you are filing Form 1120,

subtract any credits on Schedule J, lines

6a through 6d, from the amount on

Schedule J, line 3).

Enter the total of any nonconventional

source fuel credit and qualified electric

vehicle credit not allowed for 1999 solely

because of the limitations under

sections 29(b)(6)(B) and 30(b)(3)(B).

If either limit applies, attach a

computation of the minimum tax credit

allowed. Enter that amount on line 8.

Write “Sec. 383” or “Sec. 384” on the

dotted line to the left of the line 8 entry

space.

Line 9

Keep a record of this amount to carry

forward and use in future years.

● A “small corporation” exempt from the AMT for 2000 and line 5 is $25,000 or less, enter -0-.

See instructions.

● A “small corporation” exempt from the AMT for 2000 and line 5 is more than $25,000, enter

25% (.25) of the excess.

● Not a “small corporation” exempt from the AMT for 2000, complete Form 4626 for 2000 and

enter the tentative minimum tax from line 13

Line 6

For Paperwork Reduction Act Notice, see page 2.

See the 2000 Instructions for Form 4626

to find out if the corporation is treated

as a “small corporation” exempt from

the AMT. If the corporation is a “small

corporation” exempt from the AMT, see

section 38(c)(3) before completing line 6

for special rules that apply to controlled

corporate groups, regulated investment

companies, and real estate investment

trusts.

Line 8

If the corporation had a post-1986

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 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, 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.

2000

Caution: If the corporation is filing Form

6765, Credit for Increasing Research

Activities, reduce the amount that would

otherwise be entered on line 5 by the

amount on line 58 of Form 6765 (the

suspended credit allowed for the current

year).
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.

The time needed to complete and file

this form will vary depending on

individual circumstances. The estimated

average time is 1 hour.

If you have comments concerning the

accuracy of this time estimate 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.

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

administration of any Internal Revenue

law. Generally, tax returns and return

information are confidential, as required

by section 6103.

Form 8827 (2000) Page 2