Get Irs 8827 2022-2025

This guide provides a comprehensive overview of how to complete the IRS Form 8827 online. Designed for corporations, this form is used to calculate the minimum tax credit for prior years and any carryforward of that credit for the current tax year.

Follow the steps to successfully complete the form online.

1. Press the ‘Get Form’ button to obtain the IRS Form 8827 and open it in your online editor.
2. Enter your corporation's employer identification number at the top of the form where indicated.
3. Fill in the corporation's name in the designated field on the form.
4. Locate the first section to enter the minimum tax credit carryforward from the prior tax year. This amount can be found on line 4 of the previous year's Form 8827.
5. In the next field, input the corporation's current year regular income tax liability. Remember to subtract any allowable tax credits as specified in the instructions.
6. For the current year minimum tax credit, enter the smaller of the two amounts calculated in the previous steps. This number will also be referenced on Form 1120, Schedule J, Part I.
7. To complete the form, subtract the current year minimum tax credit from the minimum tax credit carryforward. Keep a record of this figure for future use.
8. After completing all sections of the form, save your changes. You can then download, print, or share the completed form as needed.

Complete your IRS Form 8827 online today to ensure you capture all eligible tax credits.