OMB No. 1545–0895 General Business Credit

Form 3800

Department of the Treasury

Internal Revenue Service  Attach to your tax return. Attachment

Sequence No. 22

 See instructions on pages 3 and 4.

Name(s) shown on return Identifying number

Current Year Credit

1a

2

3 3

4 4

5 5

6

8

7

Passive activity credits included on line 2 (see instructions)

Subtract line 3 from line 2

Passive activity credits allowed for 2003 (see instructions)

Carryforward of general business credit to 2003. See instructions for the schedule to attach

Carryback of general business credit from 2004 (see instructions)

Current year credit. Add lines 4 through 7

Allowable Credit

For Paperwork Reduction Act Notice, see page 2. Form 3800 (2003)

Part II

Part I

2

b

d

e

f

g

6

Cat. No. 12392F

Current year credit. Add lines 1a through 1r

q

h

i

j

k

l

1h

1i

1j

1k

1p

1a

1b

1d

1e

1f

1g

Current year investment credit (Form 3468)

Current year work opportunity credit (Form 5884)

Current year credit for alcohol used as fuel (Form 6478)

Current year credit for increasing research activities (Form 6765)

Current year low-income housing credit (Form 8586)

Current year disabled access credit (Form 8826)

Current year enhanced oil recovery credit (Form 8830)

Current year renewable electricity production credit (Form 8835)

Current year Indian employment credit (Form 8845)

Current year credit for employer social security and Medicare taxes paid on certain employee tips (Form 8846)

Current year credit for contributions to selected community development corporations (Form 8847)

Current year trans-Alaska pipeline liability fund credit (see instructions) 1q

p

Current year orphan drug credit (Form 8820) 1l

c Current year welfare-to-work credit (Form 8861) 1c

8

7

1r r Current year general credits from an electing large partnership (Schedule K-1 (Form 1065-B))

Credit allowed for the current year. Enter the smaller of line 8 or line 18 here and on Form

1040, line 52; Form 1120, Schedule J, line 6d; Form 1120-A, Part I, line 2a; Form 1041, Schedule

G, line 2c; or the applicable line of your return. If line 19 is smaller than line 8, see instructions.

Individuals, estates, and trusts: See instructions if claiming the research credit. C corporations:

See Schedule A if claiming any regular investment credit carryforward and the line 19 instructions

if there has been an ownership change, acquisition, or reorganization

19

19

9

f 12f

Foreign tax credit 12a

Credit for child and dependent care expenses (Form 2441, line 11)

12a

12c

Child tax credit (Form 1040, line 49)

c

Possessions tax credit (Form 5735, line 17 or 27)

g 12g

d 12d

Credit for fuel from a nonconventional source

i

Qualified electric vehicle credit (Form 8834, line 20)

Add lines 12a through 12l 12m

10

Net income tax. Subtract line 12m from line 11. If zero, skip lines 14 through 17 and enter -0- on line 18

10 Alternative minimum tax (see instructions)

Tentative minimum tax (see instructions)

14

11

Enter 25% (.25) of the excess, if any, of line 14 over $25,000 (see instructions)

13

Subtract line 17 from line 13. If zero or less, enter -0-

17

16

Education credits (Form 8863, line 18)

b 12b

Regular tax before credits (see instructions)

Add lines 9 and 10

Enter the greater of line 15 or line 16

15

16

e

District of Columbia first-time homebuyer credit (Form 8859, line 11) 12i

Credit for qualified retirement savings contributions (Form 8880, line 14) 12e

j

k

l

Adoption credit (Form 8839, line 18)

Credit for the elderly or the disabled (Schedule R (Form 1040), line 24)

12j

12k

14 Net regular tax. Subtract line 12m from line 9. If zero or less, enter -0-

18

9

15

17

18

11

13

(99)

m Current year new markets credit (Form 8874) 1m

h 12h

Mortgage interest credit (Form 8396, line 11)

12l

m

n Current year credit for small employer pension plan startup costs (Form 8881) 1n

o Current year credit for employer-provided child care facilities and services (Form 8882) 1o

2003
Form 3800 (2003) Page 2

Additional General Business Credit Allowed by Internal Revenue Code Section 38(c)(2) (Before

Repeal by the Revenue Reconciliation Act of 1990)—Only Applicable to C Corporations

A corporation (other than an S corporation) may be entitled to a larger general business credit or

additional credit against the AMT if: (a) it is claiming a regular investment credit carryforward on line

6 attributable, in whole or in part, to the regular investment credit under section 46 (before

amendment by the Revenue Reconciliation Act of 1990), (b) some of that investment credit cannot

be used because line 18 is smaller than line 8, and (c) it is required to file Form 4626, Alternative

Minimum Tax—Corporations. Complete Schedule A to see if the corporation is entitled to an

additional credit.

Schedule A—

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:

Recordkeeping 17 hr., 42 min.

Learning about the

law or the form 1 hr., 23 min.

Preparing and sending

the form to the IRS 1 hr., 44 min.

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.

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

Enter the portion of the credit shown on line 6 that is attributable to the regular investment credit

under section 46 (before amendment by the Revenue Reconciliation Act of 1990)

Tentative minimum tax (from line 16)

Multiply line 21 by 25% (.25)

Enter the amount from line 18

Enter the portion of the credit shown on line 8 that is not attributable

to the regular investment credit under section 46 (before amendment

by the Revenue Reconciliation Act of 1990)

21

Subtract line 24 from line 23. If zero or less, enter -0-

22

Subtract line 25 from line 20. If zero or less, enter -0-

For purposes of this line only, refigure the amount on Form 4626, line

10, by using zero on Form 4626, line 6, and enter the result here

Multiply line 27 by 10% (.10)

Net income tax (from line 13)

Enter the amount from line 19

Subtract line 30 from line 29

Subtract line 28 from line 31

Enter the smallest of line 22, line 26, or line 32

Subtract line 33 from line 21

Enter the greater of line 15 or line 34

Subtract line 35 from line 29. Also enter this amount on line 19 instead of the amount

previously figured on that line. Write “Sec. 38(c)(2)” next to your entry on line 19

20

23

24

25

26

27

28

29

30

31

32

33

34

35

20

22

25

28

29

30

31

32

33

34

35

24

21

27

23

36

Form 3800 (2003)

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 Internal Revenue Code section 6103.

26

36
Form 3800 (2003) Page 3

Section references are to the Internal

Revenue Code.

General Instructions

Who Must File

You must file Form 3800 if any of the

following apply.

1. You have more than one of the

credits listed on lines 1a through 1r.

Carryback and Carryforward

of Unused Credit

If you cannot use part or all of the credit

because of the tax liability limit (line 19

is smaller than line 8), carry the unused

credit back 1 tax year. To carry back an

unused credit, file an amended return

(Form 1040X, 1120X, or other amended

return) for the prior tax year or an

application for tentative refund (Form

1045, Application for Tentative Refund,

or Form 1139, Corporation Application

for Tentative Refund). Generally, if you

file an application for tentative refund, it

must be filed by the end of the tax year

following the tax year in which the credit

arose.

If you have an unused credit after

carrying it back, carry it forward to each

of the 20 tax years after the year of the

credit. Any qualified business credits (as

defined in section 196(c)) that are

unused after that 20-year carryforward

period has expired (or at the time a

taxpayer dies or goes out of business)

may be taken as a deduction in the first

tax year following the expiration of the

20-year carryforward period (or in the

tax year in which the taxpayer’s death or

cessation of business occurs). For

purposes of this special deduction, only

Change in Filing or Marital Status

● You filed as single in the credit year,

but filed a joint return in the carryback

or carryforward year;

● You filed a joint return in the credit

year, but filed a joint return with a

different spouse in the carryback or

carryforward year; or

● You were married and filed a separate

return in the credit year, but filed a joint

return with the same or a different

spouse in the carryback or carryforward

year.

Determine your separate tax liability in

the carryback or carryforward year as

follows.

1. Figure your tax for the carryback or

carryforward year as though you were

married filing a separate return.

2. Figure your spouse’s tax in that

year as though he or she was married

filing a separate return.

3. Add the amounts in steps 1 and 2.

4. Divide the amount in step 1 by the

amount in step 3. The result should be

rounded to at least three decimal places.

5. Multiply the decimal in step 4 by

the total tax shown on your joint return

for the carryback or carryforward year.

The result is your separate tax liability

and a carryback or carryforward credit is

applied against this amount only.

Although your carryback or

carryforward of the credit is limited to

your separate tax liability, the amount of

your refund resulting from the carryback

or carryforward is further limited to your

share of the joint overpayment. This is

found by subtracting your separate tax

liability (as determined above) from your

contribution toward the payment.

Unless you have an agreement or

clear evidence of each spouse’s

contribution toward the payment of the

joint liability, your contribution includes

the tax withheld on your wages and your

share of the joint estimated tax or tax

paid with the return. Your share of these

Credit Ordering Rule

● Carryforwards to that year, the earliest

ones first,

● The general business credit earned in

that year, and

● The carryback to that year.

When relevant, the components of the

general business credit reported on

Form 3800 arising in a single tax year

are used in the following order.

● Regular investment credit.

● Rehabilitation investment credit.

● Energy investment credit.

● Reforestation investment credit.

● Work opportunity credit (including any

jobs credit carryforward).

● Welfare-to-work credit.

● Credit for alcohol used as fuel.

● Credit for increasing research

activities.

● Low-income housing credit.

● Enhanced oil recovery credit.

● Disabled access credit.

● Renewable electricity production

credit.

● Indian employment credit.

Your general business credit is limited to

your tax liability. Therefore, if you filed a

joint return in a carryback or

carryforward year and your marital

status or filing status has changed, you

may need to figure your separate tax

liability in that carryback or carryforward

year. This would apply if:

General business credits reported on

Form 3800 are treated as used on a

first-in, first-out basis by offsetting the

earliest-earned credits first. Therefore,

the order in which the credits are used

in any tax year is:

2. Any of those credits (other than the

low-income housing credit) is from a

passive activity, or you have a carryback

or carryforward of any of those credits.

3. You are claiming the trans-Alaska

pipeline liability fund credit or general

credits from an electing large

partnership.

If you are not required to file Form

3800, file only the applicable credit form

listed on lines 1a through 1p.

The general business credit includes

the credits listed on lines 1a through 1r.

It also includes the empowerment zone

and renewal community employment

credit (Form 8844) and the New York

Liberty Zone business employee credit

(Form 8884), but those credits have

special tax liability limits and are not

reported on Form 3800. Carrybacks,

carryforwards, and passive activity

limitations of those credits are also

figured on Form 8844 or 8884, not Form

3800.

● Credit for contributions to selected

community development corporations.

● Trans-Alaska pipeline liability fund

credit.

● General credits from an electing large

partnership.

● Credit for small employer pension plan

startup costs.

● Credit for employer-provided child

care facilities and services.

● Orphan drug credit.

● New markets credit.

● Credit for employer social security and

Medicare taxes paid on certain

employee tips.

Although these credits are aggregated

on Form 3800, keep a separate record

of each credit to ensure that no credits

or deductions are lost.

payments is found by using the same

formula used in determining your

separate tax liability. Substitute the joint

estimated tax, or tax paid with the

return, for the tax in step 5. If the

original return for the carryback year

resulted in an overpayment, reduce your

contribution by your share of the refund.

half of the following credits may be

taken into account: (a) unused

investment credit (other than a credit to

which section 48(q)(3) applies as in

effect prior to repeal by the Revenue

Reconciliation Act of 1990) and

(b) unused credit for increasing research

activities.

Attach a copy of the computation to

your amended return or application for

tentative refund.
Form 3800 (2003) Page 4

Specific Instructions

Part I—Current Year Credit

Lines 1a–1p

Line 1q

Line 1r

Line 3

Line 5

Line 6

For each credit, attach a detailed

computation showing (a) the tax year

the credit originated, the amount of the

credit, and the amount allowed for that

year; (b) for each carryback year, the

year and the amount of the credit

allowed after you applied the carryback;

and (c) for each carryforward year, the

year and the amount of the credit

allowed after you applied the

carryforward.

You must reduce by 35% the portion

of the business credit carryforward

attributable to sections 46(a)(1) regular

investment credit and 46(b)(2)(C) and (D)

business energy investment credit (as in

effect prior to the repeal of these three

sections by the Revenue Reconciliation

Act of 1990). Include the reduced credit

on line 6. Do not reduce any portion of

the credit attributable to qualified timber

property. If you cannot use all of the

Line 7

Line 8

Part II—Allowable Credit

Line 9

● Individuals: Form 1040, line 41.

● Corporations: Form 1120, Schedule J,

line 3; Form 1120-A, Part I, line 1; or the

applicable line of your tax return.

● Estates and trusts: The sum of the

amounts from Form 1041, Schedule G,

lines 1a and 1b, or the amount from the

applicable line of your tax return.

Line 10

● Individuals: Form 6251, line 35.

● Corporations: Form 4626, line 14.

● Estates and trusts: Form 1041,

Schedule I, line 56.

Line 16

● Individuals: Form 6251, line 33.

● Corporations: Form 4626, line 12.

● Estates and trusts: Form 1041,

Schedule I, line 54.

Line 15

Line 19

Individuals, estates, and trusts. The

amount of the research credit that may

be included on line 19 is limited to the

amount of tax attributable to your

taxable income from the sole

proprietorship or your interest in the

partnership, S corporation, estate, or

trust (pass-through entity) generating the

credit. Figure the research credit

limitation separately for each business

enterprise by using the following

formula:

The result figured above is limited to

the excess of line 13 over line 15. If in

the current tax year you had no taxable

income attributable to a particular

business interest, you cannot claim any

research credit this year related to that

business.

If your research credit is limited by the

above formula, refigure the amount to

enter on line 19 using only the total of

the amount calculated above for the

research credit plus the general business

credit from other sources. If necessary,

follow the Credit Ordering Rule on

page 3, and take into account any

passive activity credit limitations. Write

“Sec. 41(g)” on the dotted line next to

line 19.

Corporations. If the corporation has

undergone a post-1986 “ownership

change” (as defined in section 382(g)),

section 383 may limit the amount of tax

that may be offset by pre-change

general business credits. Also, if a

corporation acquires control of another

corporation (or acquires its assets in a

reorganization), section 384 may limit the

amount of tax attributable to recognized

built-in gains that may be offset by

pre-acquisition general business credits.

If either of these limitations apply, attach

a computation of the allowable general

business credit, enter the amount on

line 19, and write “Sec. 383” or “Sec.

384” in the margin next to your entry on

line 19.

(Line 13 - line 15) 

Taxable income attributable

to the sole proprietorship or

your interest in the

pass-through entity

Your taxable income for the

year

Complete only the applicable part (lines

1 through 11 of Form 6478 or Part I of

all other forms) of the appropriate credit

forms to figure your current year credits.

Enter the current year credit on the

applicable entry spaces and attach the

credit forms to your return.

Attach a statement showing how you

figured the section 4612(e) credit.

Enter the total of the amounts shown in

box 7 of the Schedules K-1 (Form

1065-B) you received from electing large

partnerships.

Enter the credits included on line 2 that

are from passive activities. Generally, a

passive activity is a trade or business in

which you did not materially participate.

Generally, rental activities are passive

activities, whether or not you materially

participate. See Form 8582-CR, Passive

Activity Credit Limitations, or Form

8810, Corporate Passive Activity Loss

and Credit Limitations, for details.

Enter the passive activity credit allowed

for 2003 from Form 8582-CR or Form

8810. See the instructions for the

applicable form for details.

Add all carryforwards to 2003 of unused

credits that are reported on Form 3800.

Enter the regular tax before credits from

the appropriate form or schedule.

Enter the alternative minimum tax (AMT)

from the following line of the appropriate

form or schedule.

Although you may not owe AMT, you

generally must still compute the

tentative minimum tax (TMT) to figure

your credit. For a small corporation

exempt from the AMT under section

55(e), enter zero. Otherwise, complete

and attach the appropriate AMT form or

schedule and enter on line 16 the TMT

from the following line of that form or

schedule.

See section 38(c)(4) for special rules that

apply to married couples filing separate

returns, controlled corporate groups,

regulated investment companies, real

estate investment trusts, and estates

and trusts.

If line 19 is smaller than line 8, see

Carryback and Carryforward of

Unused Credit on page 3.

Use line 7 only when you amend your

2003 return to carry back unused credits

from 2004.

If this line is zero, skip Part II.

reduced credit because line 18 is smaller

than line 8, carry forward to your next

tax year in the carryforward period the

unused portion of the credit and a

corresponding portion of the 35%

reduction. For example, if you are able

to use only half of the credit in 2003,

carry forward the other half of the credit

and half of the 35% reduction.