Form 8827

(Rev. May 2020)

Department of the Treasury 

Internal Revenue Service

Credit for Prior Year Minimum Tax—Corporations

▶ Attach to the corporation’s tax return.

▶ Go to www.irs.gov/Form8827 for the latest information.

OMB No. 1545-0123

2019

Name Employer identification number

1 Minimum tax credit carryforward from 2018. Enter the amount from line 9 of the 2018 Form 8827 . . 1

2 Enter the corporation’s 2019 regular income tax liability minus allowable tax credits (see instructions) 2

3 Enter the refundable minimum tax credit (see instructions) . . . . . . . . . . . . . . . 3

4 Add lines 2 and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5 a Enter the smaller of line 1 or line 4. If the corporation had a post-1986 ownership change or has 

pre-acquisition excess credits, see instructions . . . . . . . . . . . . . . . . . . 5a 

b Current year minimum tax credit. Enter the smaller of line 1 or line 2 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

3, go to line 5c. Otherwise, skip line 5c . . . . . . . . . . . . . . . . . . . . . 5b

c Subtract line 5b from line 5a. 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) . . . . 5c 

6 Minimum tax credit carryforward. Subtract line 5a from line 1. Keep a record of this amount to carry 

forward and use in future years . . . . . . . . . . . . . . . . . . . . . 6

Instructions

Section references are to the Internal 

Revenue Code unless otherwise 

noted.

What’s New

Refundable minimum tax credit. For 

tax years beginning in 2018 and 2019, 

a corporation is allowed an AMT 

refundable credit amount equal to 50% 

(100% for tax years beginning in 2019) 

of the excess minimum tax credit over 

the corporation’s regular tax liability. 

The corporation can make an election 

to take 100% of the refundable credit 

in 2018. If the corporation makes this 

election, no credit is allowed for 2019. 

See section 53(e). Also, see the 

instructions for line 3.

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.

Who Should File

Form 8827 should be filed by 

corporations that had a minimum tax 

credit carryover from 2018 to 2019.

Line 2

Enter the corporation’s 2019 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 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). 

Line 3

The minimum tax credit limitation is 

increased by the AMT refundable credit 

amount. If the corporation did not make 

an election under section 53(e)(5) to 

take the entire refundable credit 

amount in 2018, 100% of the available 

minimum tax credits in excess of the 

2019 regular tax liability is refundable 

for 2019. If the corporation made the 

election under section 53(e)(5) no 

refundable credit is allowed for 2019.

If applicable, complete the 

Worksheet for Calculating the 

Refundable Minimum Tax Credit 

Amount, later in the instructions. Enter 

the amount from line 3 of the 

worksheet on Form 8827, line 3.

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. 

See section 53(e)(4).

For Paperwork Reduction Act Notice, see instructions. Cat. No. 13008K Form 8827 (Rev. 5-2020)
Form 8827 (Rev. 5-2020) Page 2 

Worksheet for Calculating the Refundable Minimum Tax Credit Amount. See instructions. Keep for your records.

1 Minimum tax credit carryforward from 2018. Enter the amount from line 9 of the 2018 Form 8827 . . 1

2 Enter the corporation’s 2019 regular tax minus allowable credits (see instructions for Form 8827, 

line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Refundable minimum tax credit. Subtract line 2 from line 1. Enter this amount on Form 8827, line 3 . . . 3

Line 5

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 

5a and 5b, and write “Sec. 383” or 

“Sec. 384” on the dotted line to the left 

of the line 5a and 5b 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.

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.

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.