Form 8827

Department of the Treasury 

Internal Revenue Service

Credit for Prior Year Minimum Tax—Corporations

▶ Attach to the corporation’s tax return.

▶ Information about Form 8827 and its instructions is at www.irs.gov/form8827.

OMB No. 1545-0123

2015

Name Employer identification number

1 Alternative minimum tax (AMT) for 2014. Enter the amount from line 14 of the 2014 Form 4626 1 

2 Minimum tax credit carryforward from 2014. Enter the amount from line 9 of the 2014 Form 8827 2 

3 Enter any 2014 unallowed qualified electric vehicle credit (see instructions) . . . . . . . 3 

4 Add lines 1, 2, and 3 . . . . . . . . . . . . . . . . . . . . . . . . . 4 

5 Enter the corporation’s 2015 regular income tax liability minus allowable tax credits (see 

instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 

6 Is the corporation a “small corporation” exempt from the AMT for 2015 (see instructions)?

• Yes. Enter 25% of the excess of line 5 over $25,000. If line 5 is $25,000 or less, enter -0-

• No. Complete Form 4626 for 2015 and enter the tentative minimum tax from line 12 . . . 6 

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

b For a corporation electing to accelerate the minimum tax credit, enter the bonus depreciation

amount attributable to the minimum tax credit (see instructions) . . . . . . . . . . . 7b

c Add lines 7a and 7b . . . . . . . . . . . . . . . . . . . . . . . . . 7c 

8 a Enter the smaller of line 4 or line 7c. If the corporation had a post-1986 ownership change or 

has pre-acquisition excess credits, see instructions . . . . . . . . . . . . . . . 8a 

b Current year minimum tax credit. Enter the smaller of line 4 or line 7a 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 7b, go to line 8c. Otherwise, skip line 8c . . . . . . . . . . . 8b

c Subtract line 8b from line 8a. This is the refundable amount for a corporation electing to 

accelerate the minimum tax credit. Include this amount on Form 1120, Schedule J, Part II, line

19c (or the applicable line of your return) . . . . . . . . . . . . . . . . . . 8c 

9 Minimum tax credit carryforward to 2016. Subtract line 8a from line 4. Keep a record of this

amount to carry forward and use in future years . . . . . . . . . . . . . . . . 9 

Instructions

Section references are to the Internal 

Revenue Code unless otherwise noted.

What's New

A corporation can elect to claim certain 

unused minimum tax credits in lieu of 

claiming bonus depreciation for round 5 

extension property. For fiscal year 

corporations with tax years beginning in 

2015 and ending in 2016, special rules 

apply. See the instructions for line 7b.

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.

Who Should File

Form 8827 should be filed by corporations 

that had:

• An AMT liability in 2014,

• A minimum tax credit carryforward from 

2014 to 2015, or

• A qualified electric vehicle credit not 

allowed for 2014 (see the instructions for 

line 3).

Line 3

Enter any qualified electric vehicle credit 

not allowed for 2014 solely because of 

tentative minimum tax limitations.

Line 5

Enter the corporation’s 2015 regular 

income tax liability (as defined in section 

26(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 you are filing Form 

1120, subtract any credits on Schedule J, 

Part I, line 5a, through 5c, from the amount 

on Schedule J, Part I, line 2). 

Line 6

See the 2015 Instructions for Form 4626 to 

find out if the corporation is treated as a 

“small corporation” exempt from the AMT 

for 2015. If the corporation is a “small 

corporation” exempt from the AMT, see 

section 38(c)(5) before completing line 6 for 

special rules that apply to controlled 

corporate groups, regulated investment 

companies, and real estate investment 

trusts.

Line 7b

Election To Accelerate Minimum Tax 

Credit in Lieu of Bonus Depreciation

Round 4 extension property. If the 

corporation made an election to claim 

pre-2006 unused minimum tax credits in 

lieu of claiming the special depreciation 

allowance for either its first tax year ending 

after March 31, 2008, its first tax year 

ending after December 31, 2008, its first 

tax year ending after December 31, 2010, 

or for its first tax year ending after 

December 31, 2012, the election continues 

to apply to round 4 extension property (as 

defined in section 168(k)(4)(K)), unless the 

corporation made an election not to apply 

the section 168(k)(4) election to round 4 

extension property for its first year ending 

after December 31, 2013.

If the corporation did not make a section 

168(k)(4) election for either its first tax year 

ending after March 31, 2008, its first tax 

year ending after December 31, 2008, its 

first tax year ending after December 31, 

2010, or its first tax year ending after 

December 31, 2012, the corporation may 

elect, for its first tax year ending after 

December 31, 2013, to claim pre-2006 

unused minimum tax credits in lieu of 

claiming the special depreciation allowance 

for round 4 extension property only.

Round 5 extension property. An election 

to claim pre-2006 unused minimum tax 

credits in lieu of claiming the special 

depreciation allowance made by a 

corporation for either its first tax year 

ending after March 31, 2008, its first tax 

year ending after December 31, 2008, its 

first tax year ending after December 31, 

2010, its first year ending after December 

31, 2012, or its first tax year ending after 

December 31, 2013, continues to apply to 

round 5 extension property (as defined in 

section 168(k)(4)(L), unless the corporation 

makes an election not to apply the section

Cat. No. 13008K Form 8827 (2015)
Form 8827 (2015) Page 2 

Worksheet for Calculating the Refundable Minimum Tax Credit Amount (see instructions) (keep for your records)

(a) 

Round 4 

extension property

(b) 

Round 5 

1 Enter depreciation (including the special depreciation allowance) that would have been extension property

allowed for any applicable round 4 extension property, or round 5 extension property 

placed in service during the tax year, if section 168(k)(1) had applied to such property . 1 

2 Enter depreciation for any applicable round 4 extension property, or round 5 extension

property placed in service during the tax year, figured without regard to section 168(k)(1) 2 

3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . 3 

4 Multiply line 3 by 20% . . . . . . . . . . . . . . . . . . . . . . 4 

5 Enter any unused minimum tax credit carryforward from tax years beginning before 2006 . . 5 

6 Multiply line 5 by 6% . . . . . . . . . . . . . . . . . . . . . . . 6 

7 Enter the smaller of line 6 or $30,000,000 . . . . . . . . . . . . . . . . 7 

8 Enter any bonus depreciation amounts determined under section 168(k)(4)(C) attributable

to round 4 extension property or round 5 extension property as appropriate, for all 

preceding tax years . . . . . . . . . . . . . . . . . . . . . . . 8 

9 Subtract line 8 from line 7. If zero or less, enter -0- . . . . . . . . . . . . . 9 

10 Bonus depreciation amount. Enter the smaller of line 4 or line 9 . . . . . . . . . 10 

11 Enter the amount from line 8 allocated to the minimum tax credit carryforward shown on

line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 

12 Maximum bonus depreciation amount allocable to the minimum tax credit. Subtract line 11 

from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . 12 

13 Refundable minimum tax credit. Enter the smaller of line 12 or line 10 in appropriate 

columns. Enter the total of line 13, columns (a) and (b) on Form 8827, line 7b . . . . 13 

168(k)(4) election to round 5 extension 

property for its first tax year ending after 

December 31, 2014.

If a corporation did not make a section 

168(k)(4) election for either its first tax year 

ending after March 31, 2008, its first tax 

year ending after December 31, 2008, its 

first tax year ending after December 31, 

2010, its first tax year ending after 

December 31, 2012, or its first tax year 

ending after December 31, 2013, the 

corporation may elect, for its first tax year 

ending after December 31, 2014, to claim 

pre-2006 unused minimum tax credits in 

lieu of claiming the special depreciation 

allowance for only round 5 extension 

property.

Once made, this election cannot be 

revoked without IRS consent.

Calculating the refundable minimum tax 

credit amount. If the corporation elects to 

accelerate the minimum tax credit and 

obtain a refundable credit in lieu of the 

special depreciation allowance, complete 

the worksheet above. Enter the total of line 

13, columns (a) and (b), of the worksheet 

on Form 8827, line 7b. All others, enter 

zero on line 7b.

For fiscal year corporations with tax 

years beginning in 2015 and ending in 

2016, the maximum bonus depreciation 

amount is calculated differently for 

property subject to section 168(k)(4), as 

amended by Public Law 114-113. The 

fiscal year corporation should modify the 

worksheet above to reflect that different 

calculation. See section 168(k)(4), as 

modified.

For more information on the elections to 

accelerate the minimum tax credit in lieu of 

claiming special depreciation allowance, 

see section 168(k)(4). For more information 

on the special depreciation allowance, see 

the Instructions for Form 4562 and Pub. 

946, How To Depreciate Property.

S corporations that make the election to 

accelerate the minimum tax credit can use 

the credit only against the built-in gains 

tax. See the instructions for Schedule D 

(Form 1120S). Corporations that file Form 

1120-REIT or Form 1120-RIC must apply 

the credit first against the built-in gains tax, 

if any, and reduce the refundable credit by 

the amount so applied. See the instructions 

for the Built-in Gains Tax Worksheet in the 

instructions for those forms. 

Line 8

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.

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Learning about the law or the form, 1 hr., 

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