Get 2012 Form 3507 -- Prison Inmate Labor Credit

Filling out the 2012 Form 3507, designed for claiming the Prison Inmate Labor Credit, can be straightforward if you follow the right steps. This guide will provide clear instructions for each section of the form, ensuring that you understand how to complete it accurately online.

Follow the steps to fill out the form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter your identification number, which could be either your Social Security Number (SSN), Individual Taxpayer Identification Number (ITIN), corporation number, or Federal Employer Identification Number (FEIN), in the designated field.
3. Input the name(s) as shown on your California tax return in the appropriate section of the form.
4. If applicable, include your California Secretary of State file number.
5. For line 1, enter the total qualifying wages paid to prison inmates under the approved joint venture agreement.
6. For line 2, calculate 10% of the amount from line 1 and enter it on this line.
7. If you have received pass-through prison inmate labor credits from S corporations, estates, trusts, partnerships, or limited liability companies, tally these figures and enter the total on line 3.
8. Complete line 4 by adding the amounts from lines 2 and 3 to find the total available prison inmate labor credit.
9. Review all fields for accuracy before concluding the form. Once completed, you can save changes, download, print, or share the form as needed.

Ensure you fill out and submit your documents online for a smooth filing experience.