om 5884

Department of the Treasury
Internal Revenue Service

Jobs Credit

> Attach to your tax return,

OMB No. 1545-0219

1981

Name

Identifying number as shown on page 1 of your tax
return

Important.—Your wage and salary deduction must be reduced by the credit on line 9 if you elect to claim this credit.
(See the instructions for line 9.)

An electing small business corpora-
tion, partnership, estate, or trust that
apportions the credit to shareholders,
partners, or beneficiaries, completes only
lines 1 through 14.

If you are an individual shareholder,
partner, beneficiary, or patron, who re-

ceives any jobs credits from a small busi-
ness corporation, partnership, estate,
trust, or section 1381(a) cooperative,
and have no other jobs credit, skip lines 1
through 9; on line 10, 11, 12, or 13 enter
your share of the credits and complete
the rest of the form as applicable.

If you receive more than one jobs
credit, see instruction for Part I.

Note: If you are a member of a group of
trades or businesses that are under com-
mon control or an estate or trust that ap-
portions the jobs credit between itself and
its beneficiaries, please see the Specific
Instructions before completing the form.

Jobs Credit

1 Complete the schedule below for qualified first-year wages (up to $6,000 for each employee) paid
or incurred during the tax year for services of employees who are certified as members of a targeted

group (see instruction for line 1):

(a)
Targeted group

(b)
Number of employees
within each group

Total qualified first-year
wages paid or incurred
‘for each group

(c)

Targeted goupA. . . - - ee

Targeted group B
Targeted group C
Targeted group D

Targeted groupE. . . . - ss e

Targeted group F
Targeted group G
Targeted groupH. . « » + + + «

2 Total—Add columns (b) and (c). . :

3 Enter 30% of the total FUTA wages paid during the 1981 calendar year (see instructions). . . -
4 Enter the smaller of line 2, column (c), orline3. 6 6 6 ee ew ee ee ee
5 Enter 50% of line 4 (see instructions for special limits)... - oe soe te

o

Complete the schedule below for qualified second-year wages (up to $6,000 for each employee)
paid or incurred during the tax year for services of employees who are certified as members of a
targeted group (see instruction for line 6):

(b)
Number of employees
within each group

(c)
Total qualified second-year
‘wages paid or incurred
for each group

(a)
Targeted group

Targeted groupA. . «© © ee ee
Targeted groupB. . . © ee ee ee
Targeted group C
Targeted group D
Targeted group E
Targeted group F
Targeted groupG. .....
Targeted group H . Lone

(b) and (c). 2 ee

7 Total—Add columns
8 Enter 25% of line 7, column (c) (see instructions for special limits)... 6 6 ee ee es
9 Current year jobs credit—Add lines 5 and 8. Enter here and include on Schedule C (Form 1040), line

29(b); Form 1120, line 13b, page 1; or the corresponding line on other returns. (members of a group
of trades or businesses under common control, electing small business corporations, partnerships,
estates and trusts, see Specific Instructions). . . . . + rr

10 Shareholder’s current year jobs credit from Schedule K-1 (Form 1120S). . - . - s+ +

11 Partner's current year jobs credit from Schedule K-1 (Form 1065). . - - es + + ee ee
12 Beneficiary’s current year jobs credit from Schedule K-1 (Form 1041)... - ss ee ew ee
13 Credit from a cooperative (see instruction forline 13)... . + 6 6 ee ee ee

14 Total jobs credit for current year—Add lines 9 through 13. Enter here and in Part Il, line 15, on page 2

For Paperwork Reduction Act Notice, see bottom of page 2. 343-211-2

Form 5884, (1981)


Form 5884 (1981) Page 2

Tax Liability Limit

15 Current year jobs credit (from Part |, line 14, pagel). . 6 ee ee ee ee ee ee | OB
16 a Individuals—Enter amount from Form 1040, line 37, page2. . . . 2 ee ee
b Estates and trusts—Enter amount from Form 1041, line 26, pagel. . . . » - e © 16
¢ Corporations (Form 1120 filers)—Enter amount from Schedule J (Form 1120), line 3, page 3. . Y
d Other organizations—Enter income tax before credits from your return. . . 2 - «© © |
17 a Credit for the elderly (individuals only). . . . . . . . . « « | AZay
b Foreign tax credit. 2. 0. 1 ee eee eee ee ee | RZD]
c Investment credit. 2. 2 6 ee ee ee ee ee ee | BZ
A WIN credit 2 6 6 ee ee ee ee ee [ATT |
e Credit for political contributions (individuals only). . . . . . . |47e]. |
f Credit for child and dependent care expenses (individuals only). . . |22f]. L
g Possessions corporation tax credit (corporations only). . . . . . | 278]
h Tax on lump-sum distributions from Form 4972 or Form 5544. . . |A7h). |
i Section 72(m)(5) penalty tax (individuals only). . . . . . . . Ld7i I
j Total—Add lines 17a through 17i. 6 ww ee ee LA
18 Subtract line 17j from line 16. - 6 ee ee ee |B
19 Tax liability limit—Enter 90% of line 18 (see instructions) . . . . tee
20 Allowed jobs credit for 1981 tax year—Enter smaller of line 15 or line 19. If line 15 does not contain
an entry, enter zero. (Section 1381(a) cooperatives: see line 14 instructions) . . . . . + 20
If you have an unused credit from other years, complete lines 21-23. Otherwise, skip to line ‘24. GYyUYyfffffffYZ—}
21 Carryback and carryover of unused credits from other years. - 6 6 ee ee ee eee 21
22 Tax liability limit for unused credits from other years—Subtract line 20 from line 19. . . . . . |_22
23 Allowed unused credits from other years—Enter smaller of line 2lor22. . . « . + + . |-23
24 Allowed jobs credit from all sources—Add lines 20 and 23. Enter here and on Form 1040, line 44;
Schedule J (Form 1120), line 4(d), page 3; or the appropriate line on other returns . . . . - 24
25 Unused credit to carry to other years—Subtract line 19 from the total of lines 15 and 21. (see
instructions)... + : se 25

Paperwork Reduction Act Notice-—The Paperwork Reduction Act of 1980 says we must tell you why we are collecting this informa-
tion, how we will use it, and whether you have to give it to us. We ask for the information to carry out the Internal Revenue laws
of the United States. 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 required to give us this information.

“fe US. GOVERNMENT PRINTING OFFICE + 1981-—O-343-211 343-211-2