Instructions for IRS Form 8801 Credit for Prior Year Minimum Tax - Individuals, Estates, and Trusts

IRS Form 8801 Credit for Prior Year Minimum Tax - Individuals, Estates, and Trusts

This document contains official instructions for IRS Form 8801 , Credit for Minimum Tax - Individuals, Estates, and Trusts - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8801 is available for download through this link.

FAQ

Q: What is IRS Form 8801?
A: IRS Form 8801 is a form used to claim the Credit for Prior Year Minimum Tax.

Q: Who can use IRS Form 8801?
A: IRS Form 8801 can be used by individuals, estates, and trusts.

Q: What is the purpose of IRS Form 8801?
A: The purpose of IRS Form 8801 is to claim a credit for any minimum tax paid in a prior year.

Q: What is the Credit for Prior Year Minimum Tax?
A: The Credit for Prior Year Minimum Tax is a credit against your current year regular tax liability for any alternative minimum tax paid in a prior year.

Q: When should I file IRS Form 8801?
A: You should file IRS Form 8801 if you paid alternative minimum tax in a prior year and want to claim a credit for it against your current year regular tax liability.

Q: What supporting documents do I need to include with IRS Form 8801?
A: You may need to include a copy of your prior year tax return and certain other documents depending on your individual circumstances.

Q: Can I e-file IRS Form 8801?
A: No, you cannot e-file IRS Form 8801. It must be filed by mail.

Q: Is there a deadline for filing IRS Form 8801?
A: Yes, IRS Form 8801 must be filed by the due date of your income tax return, including extensions.

Q: Can I file IRS Form 8801 if I didn't pay alternative minimum tax in a prior year?
A: No, you can only file IRS Form 8801 if you paid alternative minimum tax in a prior year.