IRS Form 3800 walkthrough (General Business Credit)

Описание к видео IRS Form 3800 walkthrough (General Business Credit)

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Partnerships and S corporations must always complete the source credit form.
All other filers whose only source for a credit listed in Form 3800, Part III, is from a partnership, S corporation, estate, trust, or cooperative can report the credit directly on Form 3800.

The following exceptions apply.
• You are claiming the investment credit (Form 3468) or the biodiesel, renewable diesel, or sustainable aviation fuel credit (Form 8864) in Part III with box A or B checked.
• You are an estate or trust and the source credit must be allocated to beneficiaries. For more details, see the Instructions for Form 1041, U.S. Income Tax Return for Estates and Trusts, Schedule K-1, box 13.
• You are a cooperative and the source credit can or must be allocated to patrons. For more details, see the Instructions for Form 1120-C, U.S. Income Tax Return for Cooperative Associations, Schedule J, line 5c.

Who Must File
You must file Form 3800 to claim any of the general business credits.

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