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 for 1993. Enter the amount from line 16 of the 1993 Form 4626 1

2

2 Minimum tax credit carryforward from 1993. Enter the amount from line 9 of the 1993

Form 8827

3 Enter any 1993 unallowed credit for fuel produced from a nonconventional source and any 1993

unallowed orphan drug credit. See instructions 3

4 Add lines 1, 2, and 3 4

5

5 Enter the corporation’s 1994 regular income tax liability minus allowable tax credits. See

instructions

6 Enter the tentative minimum tax from line 13 of the 1994 Form 4626 6

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 4f). If

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

instructions 8

9 Minimum tax credit carryforward to 1995. Subtract line 8 from line 4. See instructions 9

General Instructions

Section references are to the Internal

Revenue Code.

Line 5

Paperwork Reduction

Act Notice

Who Should File

Form 8827 should be filed by

corporations that had:

● An AMT liability in 1993;

● A minimum tax credit carryforward

from 1993 to 1994; or

The time needed to complete and file

this form will vary depending on

individual circumstances. The estimated

average time is 1 hour.

● A nonconventional source fuel credit

or an orphan drug credit not allowed for

1993 (see Line 3 below).

Line 8

If you have comments concerning the

accuracy of this time estimate or

suggestions for making this form more

simple, we would be happy to hear from

you. You can write to both the IRS and

the Office of Management and Budget

at the addresses listed in the

instructions of the tax return with which

this form is filed.

Specific Instructions

Line 3

Purpose of Form

Form 8827 is used by corporations to

figure the minimum tax credit, if any, for

alternative minimum tax (AMT) incurred

in prior tax years that began after 1986

and to figure any minimum tax credit

carryforward.

Cat. No. 13008K Form 8827 (1994)

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.

If the corporation had a post-1986

ownership change (as defined in section

Enter the corporation’s 1994 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

4a through 4e, from the amount on

Schedule J, line 3).

Enter the sum of the orphan drug credit

and the nonconventional source fuel

credit not allowed for 1993 solely

because of the limitations under section

28(d)(2)(B) and 29(b)(6)(B).

Printed on recycled paper

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-thebooks) for purposes of sections 382 and

383. See Regulations section 1.382-6 for

details. Also, preacquition 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 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 because it

can be carried forward and used in

future years.