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

Minimum Tax Credit for 1992

1 Alternative minimum tax for 1991. Enter the amount from line 16 of the 1991 Form 4626 1

2

2 Carryforward of minimum tax credit from 1991. Enter the amount from line 9 of the 1991 Form

8827

3 Enter any 1991 unallowed credit for fuel produced from a nonconventional source and any 1991

unallowed orphan drug credit (see instructions) 3

4 Add lines 1, 2, and 3 4

5

5 Enter the corporation’s 1992 regular income tax liability minus allowable tax credits (see

instructions)

6 Enter the amount from line 15 of the 1992 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 line

provided on the corporation’s income tax return (e.g., if you are filing Form 1120 for 1992, enter

this amount on line 4f, Schedule J). If the corporation had a post-1986 ownership change, see

the specific instructions for line 8 below 8

9 Subtract line 8 from line 4 (see instructions) 9

Also include on this line the unused

portion of any 1991 orphan drug credit

not allowed solely because of the limit

under section 28(d)(2)(B).

General Instructions

(Section references are to the Internal

Revenue Code. )

Line 5

Paperwork Reduction Act Notice Who Should File

Form 8827 should be completed by

corporations that had:

● An AMT liability in 1991;

● A minimum tax credit carryforward

from 1991 to 1992; or

The time needed to complete and file

this form will vary depending on

individual circumstances. The estimated

average time is 1 hour.

● A 1991 unallowed nonconventional

source fuel credit or a 1991 unallowed

orphan drug credit (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.

Recordkeeping.—Use Form 8827 each

year to see if the corporation has a

minimum tax credit and to keep a record

of any credit carryforward.

Specific Instructions

Line 3

Line 9

Purpose of Form

Form 8827 is used by corporations to

compute the minimum tax credit, if any,

for alternative minimum tax (AMT)

Minimum Tax Credit Carryforward to 1993

Cat. No. 13008K Form 8827 (1992)

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 382(g)), section 383 may limit

the amount of prechange minimum tax

credits that can be applied against the

corporation’s tax for any tax year ending

after the ownership change. If this limit

applies, attach the computation of the

allowable minimum tax credit, enter that

amount on line 8, and write “Sec. 383”

on the dotted line to the left of the line 8

entry space. In addition, see section 384

for the limit on the use of any

preacquisition excess credit of one

corporation to offset recognized built-in

gains of another corporation.

Enter the corporation’s 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 for

1992, subtract any credits on lines 4a

through 4e, Schedule J, from the

amount on line 3, Schedule J).

Keep a record of this amount because it

can be carried forward and used in

future years.

Enter the unused portion of the 1991

credit for fuel produced from a

nonconventional source that was not

allowed solely because of the limit under

section 29(b).

incurred in prior tax years and to

compute any minimum tax credit

carryforward that may be used in future

years.