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 1995. Enter the amount from line 15 of the 1995 Form 4626 1

2 Minimum tax credit carryforward from 1995. Enter the amount from line 9 of the 1995 Form 8827 2

3 Enter the total of any 1995 unallowed orphan drug credit, 1995 unallowed nonconventional

source fuel credit, and 1995 unallowed qualified electric vehicle credit. See instructions 3

4 Add lines 1, 2, and 3 4

5

5 Enter the corporation’s 1996 regular income tax liability minus allowable tax credits. See

instructions

6 Enter the tentative minimum tax from line 13 of the 1996 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 4e). If

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

instructions 8

9 Minimum tax credit carryforward to 1997. Subtract line 8 from line 4. See instructions 9

Section references are to the Internal General Instructions Revenue Code.

Line 5

Paperwork Reduction

Act Notice

Who Should File

Form 8827 should be filed by

corporations that had:

● An AMT liability in 1995;

● A minimum tax credit carryforward

from 1995 to 1996; 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,

an orphan drug credit, or a qualified

electric vehicle credit not allowed for

1995 (see the instructions for line 3).

Line 8

If you have comments concerning the

accuracy of this time estimate or

suggestions for making this form

simpler, we would be happy to hear from

you. You can write to the IRS at the

address listed in the instructions for 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 and to figure any

minimum tax credit carryforward.

Cat. No. 13008K Form 8827 (1996)

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)), 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-the

books) for purposes of sections 382 and

383. See Regulations section 1.382-6 for

details. Also, preacquisition 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.

Enter the corporation’s 1996 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

Enter the total of any orphan drug credit,

nonconventional source fuel credit, and

qualified electric vehicle credit not

allowed for 1995 solely because of the

limitations under section 28(d)(2)(B),

29(b)(6)(B), and 30(b)(3)(B).

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 to carry

forward and use in future years.

96

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.

(e.g., if you are filing Form 1120,

subtract any credits on Schedule J, lines

4a through 4d, from the amount on

Schedule J, line 3).